Bitcoin breaks through the $110,000 support, uncertainty is increasing in the markets.

Bitcoin's Decline and Market Reactions

Bitcoin has declined from the $126,000 level it reached earlier this month to $116,000, raising concerns among investors. This pullback potentially carries the risk of forming a lower peak.

Futures open positions have risen to $27.2 billion, yet the market remains calm despite this selling wave. Additionally, funding rates are returning to normal levels, indicating a certain resilience in the markets.

Movements in the Altcoin Market

Meanwhile, among major cryptocurrencies, XRP and XLM are leading the losses, while the TRUMP memecoin has shown a %6.8 increase amid buying rumors. This situation hints that certain assets may remain strong amid the overall declines.