Bitcoin Slips Below 108K in Asia Session

[umair]

Bitcoin dropped below the $108,000 mark during Asian trading hours as traders began to cool their expectations for aggressive rate cuts from the Federal Reserve. Recent comments from Fed officials have hinted that the central bank may not move as dovishly as the market hoped, which immediately weighed on risk assets across the board. With the dollar firming and global liquidity still tight, the bullish momentum that powered recent gains has temporarily stalled.

Leverage was another factor behind the sharp move. Many long positions were built up during the recent rally, so when price began to slip, forced liquidations accelerated the drop. This sell-off happened during a period of thinner liquidity in regional markets, which exaggerated the move even further.

Despite the short-term turbulence, long-term holder confidence has not broken. On-chain trends continue to show relatively strong accumulation behavior, and there is still high conviction for Bitcoin’s broader macro narrative. But in the near term, the market is clearly reacting to macro signals, not just crypto-specific developments.

The key support area near the $107,000 level will be watched closely. If Bitcoin holds this zone with volume, the market could stabilize. But if price breaks below with intensity, traders may prepare for more volatility and deeper consolidation.

At this point, the market tone has shifted from aggressive optimism to cautious waiting. The next major move may depend heavily on the clarity of monetary policy signals rather than purely technical patterns.

Do you think Bitcoin can rebuild upward momentum without a clear rate-cut confirmation, or will traders continue to stay defensive until the Fed gives stronger direction?