Bitcoin’s Bull Run Faltering? Here’s What to Know as BTC Price Drops

Bitcoin (BTC) is experiencing a significant downturn this week, dropping below $110,000 after an impressive run towards its all-time highs. The cause of the recent decline has sparked debate among traders and analysts alike, with some attributing it to a large long liquidation event and others pointing to waning investor confidence. A key factor is the CME Group’s Bitcoin futures market which saw a significant gap opening on Sunday, potentially igniting further price movements.