Bitcoin Recovers to $104,300 After Market Rout Triggers Massive $1B Liquidation Wave

Bitcoin (BTC) recovered from a sharp intraday dip on Friday, bouncing off key support near $103K as markets reacted to escalating U.S. trade policy developments. The rebound, supported by rising volume and fresh institutional bids, suggests the correction may have reached exhaustion.

Geopolitical uncertainty and macroeconomic pressures continue to cast a shadow across risk assets, but Bitcoin’s resilience stood out as large buyers — including corporates like Strategy and GameStop — appeared to take advantage of lower prices.

Technical Breakdown:

BTC found strong demand between $103,200 and $103,400, with significant volume concentrated in this support zone, confirming active accumulation.
A breakout above $104,000 marked a momentum shift, bolstered by increasing trade activity and reduced selling pressure.
The move from $104,146 to $104,303 in the most recent hour coincided with a volume surge, signaling renewed bullish engagement.
Prior consolidation between $104,077 and $104,263 provided a launchpad for the move higher, with that range now forming the next near-term support band.
Momentum indicators are starting to tilt bullish, suggesting BTC could build on this base if macro volatility doesn’t intensify further.

Overall, Bitcoin’s rebound in the face of external headwinds reflects underlying confidence in the asset, especially among institutional holders treating volatility as a strategic buying opportunity.