Bitcoin slides below 105k after failing to hold 116k resistance

Bitcoin slid sharply this week, falling from recent highs and trading below 105,000 on Friday after failing to hold resistance near 116,000 to 126,000. The decline, which pushed intraday lows into the low 100,000s, forced a wave of leveraged long liquidations and heightened risk aversion across crypto markets and higher-beta altcoins.

Traders and analysts said the move followed two catalysts: renewed tariff and trade tensions that earlier rattled markets, and fresh stress in regional banking that prompted risk‑off flows. Derivatives data show funding rates turned negative and open interest reset to midyear levels, a sign that speculative long positions were squeezed. At the same time, spot activity held up more steadily, suggesting longer‑term holders were less reactive than leveraged traders.

Technically, market participants point to a demand zone between roughly 104,000 and 111,000, with the round number 100,000 identified as a critical support and psychological barrier. Failure to hold that zone could expose Bitcoin to deeper tests around 98,000 or previous wick levels near 89,000, while a decisive daily close back above 116,000 or toward the 120,000 to 124,000 prior all‑time...