{"content":"🚨 #Bitcoin Tumbles as US China Tensions Flare Up $BTC has sharply dropped from its all-time high of $126,198 to around $115,352, wiping out over $19 billion in positions — marking the largest single-day liquidation event in crypto history. Despite the sell-off, trading activity remains robust with $71 billion in volume, highlighting continued trader engagement amid extreme volatility. 🔍 What’s Fueling the Drop? Mounting geopolitical tension between the US and China particularly the proposed 100% tariff on Chinese imports has triggered a broad sell-off in risk assets. Bitcoin ETFs recorded $320 million in outflows, showing hesitancy from institutional investors. Yet, some major players like MicroStrategy took advantage of the dip to increase their BTC holdings. 📊 Technical Breakdown Support Level: $111,000 (aligned with the 200-day EMA) Resistance Zone: $118,300 – $124,000 Indicators: RSI continues to weaken, reflecting fading momentum MACD shows indecisiveness, suggesting no clear direction yet If BTC can hold above $111K, we could see a potential rebound. However, losing this level could open the door to deeper downside risk. l⚠️ Market Sentiment & Risks Retail investors remain cautious and risk-averse. Institutional behavior is mixed some are accumulating, while others retreat. A $128M whale short position is applying additional downward pressure. Liquidation threats persist, keeping sentiment in neutral territory. 🔺 Bottom Line The crypto market is at a crossroads, with macroeconomic uncertainty driving short-term price action. Bitcoin’s next move will likely hinge on whether support holds and how markets digest ongoing geopolitical developments. Stay alert. Manage risk. Trade with a plan. $BTC {spot}(BTCUSDT) #MarketPullback #BinanceSquareFamily #BTCBreaksATH ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/15/143206e7f5dc453eabb838b4a42b1776.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}