$USDC

Geopolitical uncertainty: Ongoing tensions between Israel and Iran are shaking risk-sensitive assets like Bitcoin and Ethereum. Bitcoin slipped around 0.7% to $106K amid these conflicts .

Technical liquidations: Many leveraged long positions were force-liquidated around the $106K BTC mark, adding further selling pressure .

Profit-taking after highs: Bitcoin neared its all-time high (~$111K), prompting some traders to cash out on the rally .

Macro factors: Cooling U.S. inflation data and a shaky Federal Reserve outlook have triggered mixed market signals. The recent pullback happened despite CPI bottoming out .