The post Bitcoin (BTC) Price Crashes Below $105K: Will Buyers Take Charge? appeared on BitcoinEthereumNews.com.

Key Notes Bitcoin dropped 2.5% to $104,937 amid geopolitical tensions. Binance taker volume hit -$197M, signaling peak sell pressure. BTC ETFs saw $970M in inflows over the past three days. As Israel launched a military strike on Iran in the late hours of June 12, the global risk assets saw a major drop in their values. According to the data by CoinMarketCap, Bitcoin BTC $105 044 24h volatility: 1.8% Market cap: $2.09 T Vol. 24h: $51.80 B price plummeted  2.5% to $104,937 at the time of writing. The sell-off erased nearly $170 billion from the market cap of the world’s largest cryptocurrency, which now sits at $2.08 trillion. The move triggered mass liquidation as traders sought refuge amid rising uncertainty. Interestingly, the Binance BTC Net Taker Volume hit -$197 million, the lowest since June 6. This metric reveals a flood of aggressive sell orders, confirming widespread fear. Funding rates also plunged into negative territory on Binance Futures, suggesting short sellers are now paying a premium to hold their positions. Notably, past events of similar sell-side imbalances have often marked short-term bottoms. Earlier this month, BTC recovered 4% within 24 hours of a similar capitulation. CryptoQuant CEO Ki Young Ju noted that despite the short-term dips, long-term holders accumulated over 881,000 BTC in the past month. #Bitcoin long-term holders added 881,578 BTC over the past 30 days. pic.twitter.com/0503O8acpm — Ki Young Ju (@ki_young_ju) June 13, 2025 This aligns with ETF inflow data. More than $970 million has entered US-listed Bitcoin ETFs in the last three days. Analysts on X suggest that stablecoin reserves are high and social sentiment is at a 7-month peak. They hint that the market may be bracing for a bullish reversal. BTC Price Outlook On the 4-hour BTC price chart, the RSI is hovering near 37, signaling…

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Filed under: News - @ June 13, 2025 12:25 pm