Following a sharp drop to $100,430 on June 5, Bitcoin (BTC) has rebounded towards the $105,000 mark. Despite this upward movement, several factors contribute to skepticism about a sustained market rally. Experts are debating whether the recent decline was a coordinated effort by traders or if it was merely triggered by a combination of unforeseen events and investor sentiment. Some key questions remain unanswered: Are concerns over potential economic recession, US Strategic Bitcoin Reserve uncertainties, and re-hypothecation practices driving Bitcoin’s volatility? 12-hour Bitcoin futures liquidations point to leveraged bets playing a role. Meanwhile, Elon Musk’s feud with Donald Trump and the lack of clarity regarding the US Strategic Bitcoin Reserves continue to cast uncertainty on future price movements.