$BTC $BTC 🚨 Bitcoin crashed to ~$102K – Here's what really happened

📅 June 12, 2025

🧠 Why the drop? Let's break it down

1. Macroeconomic chaos and global drama

📉 Lower inflation numbers killed enthusiasm for Federal Reserve rate cuts. Without cheap money = less enthusiasm for cryptocurrencies.

🌍 In the meantime, tensions in the Middle East became real: gold and the US dollar gained attention, but cryptocurrencies? Not so much.

2. Pressure on the charts and the exit of smart money

📊 BTC hit resistance at $110K–$111K like a brick wall (the upper Bollinger Band).

📉 RSI and StochRSI were screaming "overbought!", so traders quickly hit the sell button.

3. Domino effect from liquidation

💣 Over $730M in leveraged long positions were liquidated in 24 hours: about 73% of them were long.

As soon as the first wave hit, a chain reaction began. The price collapsed. Fear increased.

🔮 What's next? Here's the plan

📍 Short term:

Eyes on $100K–$102K. If this breaks, prepare for $95K–$98K.