Bitcoin slipped under the $110,000 threshold as risk sentiment increased and leveraged crypto positions were liquidated. Analysts point to ongoing geopolitical and macro uncertainties—particularly U.S.–China trade tensions and potential rate concerns—that are pressuring crypto markets. While long-term holders remain confident, the near-term momentum has weakened. Alternative crypto assets also followed the drop, signalling broader weakness. Although the correction phase is underway, bitcoin’s structural support and institutional accumulation remain focal points for medium-term watchers.