Overview

• Bitcoin slipped to its weakest level in nine days, dipping under $106,000 as trading volume jumped over 15%.
• Global cryptocurrency market capitalization declined 1.71% to $3.36 trillion amid a wave of liquidations exceeding $734 million.
• Analysts including Rafaela Rigo warn that Bitcoin could test $102,000 before any confirmed reversal takes hold.
• Ethereum is forming a bullish ascending triangle pattern suggesting a potential breakout above $2,750, though experts caution on downside risks.
• Institutional investors poured a record $6.22 billion into the iShares Bitcoin Trust ETF during May, underscoring continued large-scale confidence.