$BTC

📣 Today’s #BTC Highlights

1. Price Snapshot & Volatility

Bitcoin is trading around $104.6 K, down ~1% over the past 24 hours and close to a 3% weekly decline

It briefly slipped below $101 K amid broader market turbulence coinmarketcap.com+3fxstreet.com+3ccn.com+3.

2. External Drivers: Trump-Musk Impact

The clash between Donald Trump and Elon Musk rattled investor confidence, causing BTC to dip under $101K and triggering $300M+ in long position liquidations

Sentiment across crypto, including ETH and BTC ETFs, weakened as traders reevaluate risk cointelegraph.com.

3. Institutional & On‑Chain Signals

Institutional outflows surged, with $278M pulled from BTC ETFs following the Trump‑Musk instability

Long-term holders began cashing out as BTC breached its ascending channel trendline ccn.com+1cointelegraph.com+1.

4. Macro & Market Context

BTC remains well off its all-time high (~$112K on May 22) and is retesting ke

Market analysts warn of potential dips back to $100K if macro‑economic pressures persist news.bitcoin.com+4fxstreet.com+4coindesk.com+4.

🤔 What to Watch Next

Will traders find support at the $100K level, or will political tensions drive another leg down?

Keep an eye on ETF flows and Bitcoin treasury interest, which can quickly swing market sentiment.

The evolving Trump-Musk saga remains a wild card—momentum may shift depending on their next moves.

✅ Quick Takeaways for Traders

TipWhy it mattersWatch support zones$100–105K is critical for nearby bounceMonitor ETF inflows/outflowsSignals institutional sentimentFollow political headlinesHigh-profile news is fueling volatility

💬 Your turn: How are you managing BTC positions amid this volatility? Share your strategy or questions below!