$BTC Bitfinex Alpha report points out: Bitcoin (last week) showed a strong rebound at the beginning of this week, rising 4.7% from the weekly opening price, and briefly tested the previous historical high of $109,590. However, after the unexpected Israeli attack on Iran on June 13 led to a global market crash, optimism was quickly replaced by risk aversion. Bitcoin retraced most of its early gains, falling 7.33%, and closed lower this week due to rising oil prices and macroeconomic uncertainty severely impacting investor sentiment. This event highlights that even strong trends can quickly derail due to external shocks, especially in a hot market. Beneath the surface, traders' behavior reveals increasing pressure. The net buying volume of Bitcoin plummeted to -$197 million (see chart below), the lowest level since June 6, indicating that sellers have taken control of the market, aggressively dumping BTC at market prices. However, this sell-off, combined with a surge in liquidation volume, resembles past capitulation sell-offs—such sell-offs often signal a local market bottom. If Bitcoin can hold the range of $102,000 to $103,000, it may indicate that the selling pressure is being absorbed, and the market may be ready for a recovery—provided that geopolitical risks do not escalate further.