<ul data-eligibleForWebStory="true"><li>Bitcoin's price drops to just above $104,000 after a 2.1% decline, signaling a possible shift in short-term market momentum.</li><li>Geopolitical developments, like Israel-Iran tensions, contribute to sell pressure on high-risk assets, including Bitcoin.</li><li>Binance Net Taker Volume hits a multi-week low, showing increased sell-side dominance and potential for continued short-term volatility.</li><li>Historical data suggests that extremes in net taker volume often coincide with local price bottoms, indicating potential for price reversals.</li><li>Geopolitical shocks, such as conflicts between Israel and Iran, trigger liquidation cascades and may indicate a local market bottom.</li><li>The recent escalation led to liquidation of long-leveraged positions, adding to downward pressure on Bitcoin's price.</li><li>Despite short-term volatility, the current conditions could be seen as bullish in the medium term, offering opportunities for long-term holders.</li><li>The setup resembles previous recovery phases, with contrarian buying and reduced selling pressure potentially leading to price rebounds.</li></ul>

Bitcoin Drops Below $105K as Binance Net Taker Volume Turns Deep Red

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