Bitcoin (BTC) is currently trading around $103,500, experiencing a modest daily decline following recent volatility. Over the past week, BTC has fluctuated between $102,600 and $106,400, as traders reacted to macroeconomic uncertainty and geopolitical concerns. One significant driver of price movement was a recent wave of liquidations, which saw approximately $464 million in long positions closed when BTC briefly dipped to $102,225, reflecting short-term bearish sentiment. Despite this, broader market appetite remains moderately confident: institutional indicators such as resurging crypto ETF interest, alongside on-chain metrics signaling potential bottoming and bear capitulation, suggest a possible short-term rebound. Overall, Bitcoin is navigating consolidation in the $103K–$105K range, with key levels to watch near $102K support and $105K resistance—a critical zone that may define its next directional move.
