Price drop below 96,000 USD: Bitcoin price dropped to 96,355 USD without optimistic signs. After reaching a new peak near 100,000 USD, the price decreased due to strong selling pressure. This is not entirely unexpected as minor corrections always occur. The fact that price fell below 96,000 USD indicates instability.

500 million USD position liquidation: Nearly 200,000 traders were liquidated with a total value of nearly 500 million USD. Most of this was from long positions, with 383 million USD affected. This volatility has hurt those using excessive leverage. Events such as Iran statements also have an impact.

Geopolitical and macroeconomic impact: Geopolitical events like tensions in the Middle East and macroeconomic factors in the USA affect Bitcoin prices. Geopolitical instability often drives investors to traditional safe havens. Data from the USA continues to exert pressure, though the medium-term outlook remains positive.

Medium and long-term outlook: The medium-term outlook remains positive, with growth potential as December approaches. History shows that even in bullish cycles, Bitcoin often adjusts. Events such as Trump’s election victory and inflows to ETFs contribute to the potential to maintain the upward trend.