Bitcoin At $105,000: Bull Market Correction Or Bear Market Beginning?
Bitcoin (CRYPTO: BTC) has entered its first meaningful correction in nearly two months, falling from an all-time high of $111,880 amid rising macroeconomic uncertainty and unprecedented leverage in derivatives markets.
What Happened: The pullback marks a pivotal moment for investors, as mounting sell pressure, profit-taking by seasoned holders and surging options activity point to elevated volatility ahead.
The correction coincides with rising macroeconomic risk and increasingly aggressive positioning in the derivatives market.
One of the key catalysts was a surprise legal decision in the United States, where the Court of Appeals temporarily halted a ruling against government-imposed tariffs.
The move triggered a spike in 30-year Treasury yields above 5%, prompting a broad sell-off across risk assets, including cryptocurrencies.
Bitcoin’s …
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