【Bitcoin Drops 2.55% in 24 Hours, Three Major Truths Expose the Hidden Danger!】
Price fell to $107K, causing market turbulence. This is not a coincidence, but a 'perfect storm' created by three key variables working together:
1️⃣ Trump Ignites Global Tariff War
On May 23, Trump suddenly announced a tariff of up to 50% on EU goods outside of the beautiful country, instantly igniting global trade panic. Risk assets suffered across the board, and Bitcoin was no exception. History repeats itself — during a similar tariff conflict in April, Bitcoin dropped over 6.5% in a single day.
2️⃣ Technical Resistance + Long Position Liquidation Wave
Bitcoin attempted to break through $110K several times without success, with the Fibonacci 127.2% resistance level at $117,485 looming unbroken. RSI fell to 63.3, and momentum weakened noticeably. In just one day, the liquidation amount of long positions in the $106K–$109K range reached $544 million.
3️⃣ Overall Market Enters 'Risk-Off Mode'
Bitcoin's dominance slightly decreased from 63.15% to 63.13%, indicating some funds have flowed into cash and government bonds of the beautiful country. ETH dropped 4.3%, SHIB dropped 3.5%, with risk-off sentiment dominating the market.
Key Conclusion:
This round of decline is triggered by a combination of geopolitical shocks + technical weakness + long position liquidations, leading to heightened short-term risk sentiment, but don’t rush to panic!
In the past 30 days, Bitcoin has still accumulated a rise of +16.83%. Moreover, data shows that there are currently 204 institutions heavily invested in Bitcoin, which may become the 'stabilizing force' for the next wave of rebound.
The market is testing your faith; true players will see the direction clearly amidst the turmoil.
