Bitcoin is selling off but may recover and float to $110,000. The drop follows a court ruling in the U.S. targeting Trump tariffs. Attention is on BTC Bull, a viral presale that will distribute free BTC to token holders.
As May 2025 draws to a close, Bitcoin is selling off, extending yesterday’s losses.
Although Bitcoin is still the most dominant, controlling over 60% of the market share, it is trading below $106,800.
This weakness increases the likelihood of Bitcoin sliding further toward the psychological $100,000 mark or even $96,000, the origin of this upward leg.
(BTCUSDT)
Bitcoin Dropping: Here’s Why
Any retracement extending yesterday’s losses could trigger another wave of lower lows this weekend, closing May on a low note after last week’s climactic push to $111,200.
With the coin trading below $107,000, bulls must strive to reclaim this level before bears sense weakness and push further.
However, for this to happen, fundamental changes are needed.
The sell-off was triggered by a United States appeals court’s decision to reverse Donald Trump’s “Liberation Day” tariffs.
Although tariffs remain for now, the court clarified that the president lacks unilateral authority to impose tariffs on all nations; that power rests with Congress, which regulates U.S. trade.
The ruling followed a case brought by the Liberty Justice Center on behalf of small businesses importing from other countries, alongside a challenge from a coalition of U.S. state governments contesting import taxes.
As shown repeatedly, risk-off assets like Bitcoin and even 1000X cryptos are sensitive to tariffs.
When Trump posted on Truth Social, threatening a 50% tariff on European Union goods, Bitcoin tanked.
Although he later backtracked, pushing implementation to July 9, the damage had been done, and the coin struggled to sustain prior gains.
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Institutions Exiting
Falling Bitcoin prices coincided with massive outflows from spot Bitcoin ETF issuers.
On May 29, over $358 million worth of BTC-backed shares were redeemed from most issuers, except BlackRock’s IBIT, which saw an inflow of $125 million.
(Source)
According to Soso Value, inflow into spot Bitcoin ETFs has grown steadily since early April 2025.
Yesterday’s outflow was the first since May 14.
Will Bitcoin Recover Above $110,000?
For now, whether BTC will trend higher or consolidate in the coming days remains uncertain.
In an exclusive email to 99Bitcoins, Nick Forster, founder of Derive, an on-chain options platform, said traders expect Bitcoin prices to rise, as “evidenced by heavy calls on the $112K BTC strike for May 30.”
However, Forster noted that for June 27, there is a “significant call selling at $110K,” indicating most traders bet BTC will stay below $110,000 by the end of Q2 2025.
Forster added that market makers are “short gamma,” meaning volatility spikes could force them to buy BTC to hedge. This may temporarily pump prices, including some of the best Solana meme coins.
Smart Investors Turn to BTC Bull Presale
If Bitcoin shakes off its current weakness, investors should explore stacking opportunities.
One way is by considering the viral BTC Bull presale.
BTC Bull offers a clever way to stack Bitcoin while benefiting from potential capital gains from BTCBULL’s rally once it lists on major exchanges.
The project rewards BTCBULL holders with free BTC when Bitcoin hits key price milestones.
For instance, when Bitcoin reaches $150,000, free BTC will be distributed to holders proportional to their BTCBULL holdings. There are more free BTC whenever Bitcoin increases by $50,000 from $150,000. The next will be at $200,000, then $250,000, and so on, until when BTCUSDT reaches $1 million.
Additionally, BTCBULL is deflationary. Once Bitcoin hits $125,000, BTC Bull will begin buying back and burning a portion of the total supply after every $25,000 increase.
The BTC Bull presale has raised over $6.5 million, but prices will rise in the next two hours. Those who act now can buy BTCBULL at a discounted price of $0.002535.
Presale investors can also stake, earning a 62% APY, a solid yield that will increase their BTCBULL stash and allow them to earn more free BTC in the future.
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Will Bitcoin Hit $110K? Smart Investors Turning To BTC Bull
- Bitcoin is selling off, drops below $107,000
- Court ruling targets Trump tariffs
- Short-term traders bullish on Bitcoin
- BTC Bull presale raises over $6.5 million
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