In the past 24 hours, the price of Bitcoin has experienced significant fluctuations, leading to over $1 billion in encryption assets being liquidated, with long positions suffering particularly severe losses. This market turmoil is mainly due to the escalation of tensions in the Israel-Iran region and the latest adjustments to U.S. trade policy, which together have exacerbated global market instability.

Under strong selling pressure, the price of Bitcoin briefly fell below an important technical support level, touching a low of about $104,000, and then rebounded. The latest trading data shows that Bitcoin is currently quoted at $105,575.70, up 2.62% from the opening price of $102,876.53 the previous day.

Despite experiencing fluctuations, market liquidity remains ample, and trading activity stays at a high level. Currently, the circulating supply of Bitcoin is about 19.88 million coins. It is noteworthy that Bitcoin's price trend continues to be profoundly influenced by macroeconomic conditions and international political developments, and investors need to closely monitor these external factors for their potential impact on the cryptocurrency market.