The last Bitcoin rally stopped because the asset component has fallen slightly above USD 104,000 after a decrease in 2.1% in the last 24 hours. This latest movement signals a potential change of tiny -term market momentum, with traders increasingly deciding to leave their position.

While the wider cryptocurrency market has recorded a similar withdrawal, Bitcoin trajectories attract closer control due to its impact on the overall moods and market structure.

Analysts are Looking How external factors, especially geopolitical development, affect commercial behavior. One of such activities is the submitted military involvement between Israel and Iran on June 13, which caused sales pressure in high risk assets, including digital currencies.

Among these events, key indicators on binance, especially the net volume, show increased dominance after sales, which suggests that tiny -term variability may be continued.

Binance Net Redak Volume goes to the Lowe -week Bitcoin Panic Selling

According to the AMR Taha chain analyst on the Quicktake Cryptoquant platform, Bitcoin net volume on Binance has fallen to -197 million dollars, the most negative readings from June 6.

This record, which compares aggressive sales of aggressive purchases, indicates an increased urgency of traders to sell at market prices, apart from limits orders. The seven -hour movable average (7HMA) remained in a negative territory from June 12, strengthening the current downward pressure.

Historically, such extremes of the net volume were associated with local price bottom, because they often signal the surrender induced panic by retail and excessive traders.

Taha emphasized that a similar event took place on June 6, and then 4% reflection at the Bitcoin price within 24 hours. The implication is that although aggressive sales can signal weakness, it also presents conditions that previously preceded by reversing prices.

Geopolitical shocks cause a liquidation cascade, it can signal a local bottom

Taha also pointed to a geopolitical background, in particular to a sudden escalation between Israel and Iran, as the main catalyst of recent market behavior. The news about the strike led to an escalate in liquidation activity, especially among long -term positions.

Correlation between the date of conflict and the escalate in Binance growth suggests that traders react to wider market uncertainty, contributing to the decrease in the shoot.

Despite this, Taha still considers these conditions as potentially stubborn in the medium period. Challenging sales often rinse weaker hands, creating possibilities for long -term owners or institutional participants to collect positions at lower prices.

Taha suggests that although tiny -term prospects remain unstable, the current configuration resembles previous recovery phases, marked by contradictory purchases and reduced sales pressure.

A distinguished picture created from DALL-E, chart from TradingView