$BTC Bitcoin ($BTC) has experienced a recent correction, falling approximately 3.5% from its weekly high of $110,653 to a low of $106,600. Volatility has been influenced by geopolitical tensions, particularly the conflict between Israel and Iran, which has created uncertainty in the financial markets.

From a technical standpoint, the decline appears to be a profit-taking in a key resistance zone, with significant selling volume. Some analysts have identified fractal patterns that could lead Bitcoin to test levels below $100,000 if the bearish pressure continues.

Despite the correction, macroeconomic data remains favorable for Bitcoin. Inflation in the U.S. has been lower than expected, and trade negotiations between the U.S. and China have shown progress, which could benefit risk assets in the medium term.

In the derivatives market, Ethereum ($ETH) has surpassed Bitcoin in trading volume on platforms like OKX, indicating growing institutional interest in ETH. However, large investors continue to accumulate Bitcoin on dips, suggesting a bullish long-term outlook.