Bitcoin has dropped below \$99K multiple times this June, shaking the confidence of many retail investors. But whatās really behind the dip? Hereās a quick breakdown of the key reasons:
š Geopolitical Turmoil ā Israel & Iran Conflict
Rising tensions in the Middle East hit global risk sentiment hard. After Israelās strikes on Iran (June 13) and subsequent U.S. airstrikes (June 22), Bitcoin fell sharply as traders moved into safer assets like gold. Unlike what some believe, Bitcoin isnāt acting as a safe haven right nowāmore like a high-risk asset in uncertain times.
š Shift in Market Sentiment
Retail trader sentiment has dropped to its lowest since April. Massive liquidations and uncertainty are making small investors panic sellāwhile institutions are likely buying the dip.
š¦ Macro Pressure ā Fed & Inflation
The June CPI report cooled expectations for interest rate cuts. With no clear Fed pivot in sight, risk assets like Bitcoin took a hit, especially after failing to hold above the \$108K resistance.
š¼ Whale Profit-Taking
After Bitcoinās recent all-time high (\~\$112K in May), large holders are taking profits. Combined with lighter summer trading volumes, this adds to short-term volatility.
š® What Now?
Bitcoin is range-bound between \$99K and \$110K, with critical support near \$100K. Analysts say this current fear could be a setup for a strong rebound, especially as ETF flows remain solid.
Bitcoinās drop this month is fueled by war headlines, fading Fed hopes, and profit-taking. But long-term sentiment remains bullish. Stay calm, zoom out, and watch the \$100K support zone closely.
#IsraelIranConflict #BinanceAlphaAlert #MarketPullback #BTCbelow100k