Bitcoin:
BTC slipped below $106K, breaking its last major support before the $100K zone.
Analysts warns:

• Breach of $100K–$101K could trigger deeper tests near $94K–$85K.
• Still, downside risk stays “contained” as long as BTC holds above its long-term downtrend line.

Altcoins:

• Ethereum (ETH) hit its lowest since August.
• XRP dropped to a three-week low.
  Bearish crossovers in moving averages suggest fading momentum across the board.

Macro Pressure:
Falling BTC correlates with reduced Fed rate cut expectations and renewed USD strength — a double drag on crypto sentiment.

“Mag 7” Skew Flip:
Goldman Sachs data shows call volatility surpassing puts for the first time since Dec 2024 — signaling extreme bullish positioning in Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla.
Historically, this skew inversion hints at market tops or short-term pullbacks.

What’s Next?
Bitcoin’s dip below $106K feels more macro-driven than crypto-specific.
If risk sentiment keeps tightening and “AI mania” cools, BTC’s $100K level could be tested fast — but long-term bulls might see it as a healthy reset before the next leg higher.