In the past 24 hours, Bitcoin (BTCUSDT) has experienced significant volatility, with over $1 billion in cryptocurrency positions liquidated—primarily from long positions—due to increased geopolitical tensions between Israel and Iran as well as recent developments in U.S. trade policy, leading to heightened uncertainty in global markets. This environment has resulted in sharp selling pressure and the breach of key technical support levels, with prices briefly dipping to around $104,000 before rebounding. According to the latest Binance data, the trading price of BTCUSDT is $105,575.70, up 2.62% from the 24-hour opening price of $102,876.53. The market remains highly liquid, with strong trading volumes and a circulating supply of approximately 19.88 million BTC, while price movements continue to be influenced by macroeconomic and geopolitical developments.