My people! What's up, friends! Look at this serious situation happening with Bitcoin, the digital currency that always has something to talk about! It turns out that the price of Bitcoin is dropping like crazy, almost 4% in the last 24 hours, and it's already close to 103,000 dollars! 😱💸
But why this drop, you may ask? Well, the thing is that several hot potatoes came together that have the cryptocurrency in check. First, and this is a big one, geopolitical tensions in the Middle East are hotter than ever. On June 17, a commander from Iran issued a warning of possible attacks on Israel, and that shook all financial markets! Geopolitics got tense, and the greenback got nervous! 🌍💥
When there are conflicts like this, investors get scared and prefer to pull their money out of riskier assets, and that's where Bitcoin loses out! Historically, every time there is trouble in the Middle East, BTC drops by about 10%. Can you imagine! 📉
And as if that weren't enough, another blow has come! Investment products in Bitcoin, those famous ETFs, recorded outflows of 430 million dollars! Yes, you heard right! This broke a streak of 31 days of inflows, and even BlackRock's iShares Bitcoin Trust (IBIT) had its largest outflow since it started. This means that people are cashing in profits and institutional momentum is cooling down. 🧊💼
Furthermore, the derivatives market, which is like the thermometer of how investor sentiment is, has turned bearish. People are covering their backs in case it continues to drop, and more than 600 million dollars in long positions were liquidated when Bitcoin fell to the 103,000 to 104,000 dollar range. That's a lot of money lost! 😬💔
Technically, things also look weak. The MACD indicator, which is like a traffic light for the market, is at its lowest level since the drop in May. The Fibonacci support, which is like a cushion for the price, has failed! And the RSI, which measures the strength of the trend, is also going down. In other words, all the red lights are on. 🚦🚨
So, my people, we need to be alert to what is happening in the world, because even Bitcoin, which seemed unstoppable, feels the impact of geopolitics and the movements of big investors. Stay tuned because this story continues! 🧐✍️$BTC 
