Bitcoin Experiences Record Net Taker Volume Decline Amid Trump-Elon Dispute

Bitcoin is experiencing volatility amid rising U.S. bond yields and geopolitical tensions. A 5% pullback occurred following a public dispute between Elon Musk and US President Donald Trump, impacting market sentiment.

Analyst Darkfost noted significant changes in trader behavior on Binance, with net taker volume dropping from $20 million to -$135 million in under eight hours.
This decline represents the largest drop in directional sentiment for 2025, indicating traders are shifting towards bearish positions.
Bitcoin has rebounded from the $100,000 support level, reaching approximately $103,000 but faces resistance near the $112,000 all-time high.
The 4-hour chart shows a recovery after dipping to $101,159, supported by increased buying activity.
Key resistance levels exist between $104,600 and $107,000, which must be overcome for further upward momentum.

If Bitcoin maintains its position above $103,600, it may rally higher; failing to do so could lead to another test of the $100,000 level.