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Bitcoin Corrects to $106K Following Historic Monthly Close—What’s Next?

Bitcoin Corrects to $106K Following Historic Monthly Close—What’s Next?

Author:
Coindesk
Published:
2025-07-01 17:58:40
20
1

Bitcoin Pulls Back to $106K After Record Monthly Close

Bitcoin bulls catch their breath as the king coin dips to $106K after smashing through all-time highs. Was this the pullback before the next leg up—or a warning sign for overleveraged traders?

The reckoning: Even crypto's golden child isn't immune to gravity. After June's record-shattering monthly close, BTC's 8% retracement feels more like a pit stop than a crash.

Institutional déjà vu: Wall Street's latest 'digital gold' narrative looks suspiciously like their 2021 playbook—just with more zeros and SEC-approved ETFs this time. Some things never change.

As liquidity evaporates faster than a shitcoin rug pull, one question remains: Will this correction fuel the next rally, or expose the casino economics beneath crypto's latest bull run?

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