Bitcoin experienced a sudden tumble during U.S. trading hours, dropping below $103,000 from a peak of over $106,000, leading to widespread liquidations in the crypto market. In just a short span, around $450 million in derivative trading positions were liquidated, primarily affecting long positions as traders reacted to the volatility. Other significant cryptocurrencies like Ethereum, Solana, Dogecoin, and Cardano also faced steep declines. The market remains in a state of indecision, fluctuating between a bullish long-term outlook and short-term risk aversion. Analysts note that Bitcoin continues to trade within a narrow range of $100,000 to $110,000, highlighting the uncertainty among investors amidst ongoing macroeconomic and geopolitical factors. As of the latest data, Bitcoin slightly recovered to $103,200, marking a 1.2% decline within the last 24 hours.

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