BTC has fallen again 😅 Yesterday it dropped below 100,000 USD in one go, with a 24-hour decline of over 6%, having fallen 20% from the October high of 124,500.

The recent fall directly led to the market being liquidated by 1.3 billion USD, among which BTC accounted for 445 million. On-chain data shows that over 330,000 traders were liquidated within 24 hours, marking the largest scale since August.

What is the reason? The main reason is that the U.S. Supreme Court is set to hear a case regarding Trump's tariff powers, and the expectations for a trade war have risen again. Additionally, Wall Street bigwigs are warning that the stock market could correct by 10% within 12-24 months, and institutional investors are also pulling out. Bitcoin spot ETFs have seen net outflows for four consecutive days, with $187 million withdrawn on the 3rd.

From a technical perspective, BTC is currently around 101,300. If it cannot hold above 100,000, the next support levels are at 98,000 and 96,500. If it breaks below 96,000, it could directly drop to 92,000. For a rebound, it needs to return to 108,900 to have any potential.

The current market is still in an oversold state, but macroeconomic headwinds persist, and short-term fluctuations will be significant.