$BTC Market Context :::_::-::

The broader risk-off sentiment triggered by geopolitical uncertainty is affecting both traditional and digital asset markets.

Ethereum, often considered a bellwether for the altcoin sector, has not been spared. The breakdown below $3,500 is significant, as this level had previously acted as a strong technical support.

Current price action suggests increasing volatility, with large liquidations and heightened on-chain activity indicating panic-driven trades.