<ul data-eligibleForWebStory="true"><li>Bitcoin's price near $103,000 is dropping due to geopolitical tension, institutional selling, and bearish market signals.</li><li>Geopolitical shock from Middle East tensions triggered risk-off sentiment, causing a 3% spike in Brent crude oil.</li><li>BTC typically reacts negatively to conflict, with historical 10% drops during such events.</li><li>Bitcoin investment products faced $430 million outflows, ending a 31-day inflow streak.</li><li>The derivatives market turned bearish, with a surge in downside hedging and over $600 million in liquidated long positions.</li><li>Technical indicators show market weakness: MACD hit a low, Fibonacci support failed, and RSI indicates cooling momentum.</li><li>The overall sentiment shift is affecting crypto markets negatively.</li><li>The reasons behind Bitcoin's drop include geopolitical tensions, ETF outflows, and bearish indicators.</li></ul>

Here Is Why the Price of Bitcoin Is Going Down Today

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