#CryptoCPIWatch Bitcoin's recent price drop to $102,662 is seen as a healthy correction by some analysts, like Vikram Subburaj, CEO of Giottus Crypto Platform. He believes this dip could enable Bitcoin to retest $105,000 later this week. The current market volatility is largely influenced by upcoming US CPI data, which could either boost or dampen investor sentiment.
*Key Factors Influencing Crypto Market:*
- *US CPI Data*: A softer print could reignite bullish momentum, while a higher-than-expected number might strengthen the dollar and weigh on crypto prices.
- *Institutional Demand*: Strong demand from institutions continues, with corporations acquiring over 157,000 BTC in 2025, contributing to a supply shortage.
- *ETFs*: Net inflows of $934 million over the past month reinforce Bitcoin's dominance.
*Market Performance:*
- *Bitcoin*: Trading at $102,662, down 1.19% with a market capitalization of $2.16 trillion.
- *Altcoins*: Mixed sentiment with Ethereum slipping below $2,600 and Ripple rising 4%.
- *Resistance Levels*: The $100,000 mark remains a critical psychological level, with over $3.4 billion in long positions exposed to downside risk.