Bitcoin price experienced a sharp decline today, dipping more than 3% below its recent highs. This follows a week of significant market volatility that erased much of the recent gains in the crypto space. The sell-off is attributed to waning institutional interest, coupled with geopolitical tensions and potential regulatory uncertainty. US Spot Bitcoin ETF data highlights a concerning trend as it recorded the highest outflows this month, signaling investors are hesitant to invest in the asset at present. 10% of traders’ positions were liquidated last week, suggesting a significant shift in sentiment. The situation has raised concerns about a possible pullback to $100,000, with prominent analysts predicting the potential for further market decline.