$BTC Bitcoin is trading just above $105,000, down about 2.3% on the day after dipping from intraday highs around $108K and lows near $103K . Market sentiment turned cautious yesterday, with nearly all top‑100 cryptos seeing losses and total market cap dropping ~4% . On‑chain data shows record short‑positions but no panic selling; whales remain in the market and long‑term holders continue accumulating . Additionally, altcoins are picking up steam—23% are now outperforming Bitcoin, hinting at possible rotation heading into June .