Bitcoin Price Plunges Below $78K Amid Geopolitical Tensions

Bitcoin's price has been affected by a confluence of macro and geopolitical factors, leading to a risk-off tone in the market.

The recent drop below $78,000 has sparked divergent views among analysts and traders, with some seeing potential support around $75,000 while others warn of a 'bear trap' forming as funding rates turn negative.

Traders are monitoring key support levels and liquidity zones, as well as the impact of oil-market stress and bond-market nerves on cryptocurrency sentiment.