#BTC110KSoon? 💥 Why did $BTC plummet to ~$102K today? — Here’s what happened
📆 June 12, 2025
After flirting with highs of $111K, Bitcoin sharply retraced to $102K — here’s the full story in 60 seconds:
1. 🌍 Macro and geopolitical headwinds
🔻 Inflation cooled down, but not enough — killing hopes for an immediate Fed rate cut.
🛢️ Tensions in the Middle East rose, pushing capital towards gold and the USD — not towards cryptos.
🧠 Result? Risk-averse environment → selling pressure on BTC.
2. 📉 Technical pullback + profit-taking
BTC hit resistance at $110K–$111K + upper Bollinger band.
🔺 The RSI and StochRSI were screaming “overbought.”
⚠️ Traders took profits → triggering a short-term correction.
3. 💣 Liquidation spiral
Over $730M in leveraged long positions liquidated in 24h.
73% of the wrecked positions were longs → adding fuel to the decline.
🔎 What’s next?
Key support: $100K–$102K zone.
Below $100K? Watch $95K–$98K.
Bounce case: If $100K holds + CPI/geopolitical tensions ease → re-test of $110K in sight.
⚠️ Expect high volatility ahead of next week’s CPI data.
✅ TL;DR
Is this drop? A mix of macro nerves, technical exhaustion, and liquidation pain.
Still bullish? Only if the $100K support holds.
💬 Your move:
🚀 BTC back to $110K soon?
📉 Or are we heading to $95K next?
Leave your forecast below 👇