📉 Main causes of the BTC crash
1. Burst of liquidations in the futures market
• More than 683 M USD were liquidated today, most (≈617 M USD) from long positions, creating a domino effect that pressured prices downwards .
2. False bullish signal after CPI
• A lower-than-expected inflation rate (CPI) (2.4 % vs forecast of 2.5 %) drove a temporary rise, followed by a rapid reversal — a typical trap (“fakeout”) that triggered automatic sell-offs  .
3. Technical resistance and profit-taking
• The price reached the 108 000 USD zone, where it hit strong resistance. Many traders took advantage of this area to secure profits.
4. Macroeconomic impact and risk sentiment
• Expectations for rate cuts by the Fed in June are fading, reducing appetite for risk assets like Bitcoin .
• Additionally, political events — such as tensions between Trump and Musk — create uncertainty that often hits crypto markets .
5. Excessive retail optimism (“greed”)
• The sentiment of “buy euphoria” reached high levels (2:1 bullish), which typically anticipates corrections when optimism is saturated
