$BTC Bitcoin fell to $102,000 today! This decline was never a coincidence, but the result of multiple factors hitting simultaneously:

First factor: Macro Black Swan

Inflation data doused the market with cold water, and the expectations of a Fed rate cut froze instantly! Capital rushed to gold and yen, as if fleeing, sucking the cryptocurrency market dry. To complicate matters, with the Middle East igniting in conflict, the fear index surged — who else can care about Bitcoin at this moment?

Second factor: Technical trap

When Bitcoin rose to around $110,000, all indicators screamed danger: the Bollinger Bands stretched to the limit, and the RSI issued a clear warning of overbought conditions! Major players were simply waiting for retail investors to collectively rush into the market to short it, turning a technical correction into a bloody waterfall, precisely collecting profits.

Third factor: Leveraged meat grinder activated

$730 million in positions evaporated within 24 hours! 73% of the liquidation orders were long positions, and the exchange's liquidation engine growled, creating a death spiral with falling prices, leading to even more liquidations.