⏩ Bitcoin's recent decline stems from a combination of factors. Geopolitical tensions, particularly the Israel-Iran conflict, have heightened investor caution, leading to a retreat from risk assets like cryptocurrencies. Additionally, a sudden drop below $103,000 triggered approximately $450 million in crypto liquidations, intensifying the downturn.
⏩ Stalled U.S.-China trade negotiations have further dampened market sentiment, contributing to the sell-off (financemagnates.com). Moreover, profit-taking by long-term holders and the absence of strong bullish catalysts have added to the downward pressure.