Currently trading<\/a> in a median price zone between $73,900 and $74,700<\/strong>, the king of cryptocurrencies is showing a modest variation of around +0.6% over the last 24 hours. This ephemeral rally<\/strong> allowed BTC to touch a new high since early February, propelled by renewed optimism amid easing macroeconomic and geopolitical tensions.<\/p>\n\n\n\n However, this meteoric rise quickly hit market reality. According to CoinDesk data, the surge was primarily driven by derivatives products, notably liquidations of short positions and options sales. This artificial dynamic made the breakout<\/strong> particularly fragile, leading to an immediate drop below the critical $75,000 threshold.<\/p>\n\n\n\n The impact of this rejection is significant for overall sentiment. While investors hoped to see Bitcoin<\/a> establish itself durably above this major resistance<\/strong>, this sudden pullback serves as a reminder of the inherent volatility in the crypto market.<\/a> Trading volumes remain elevated, but selling pressure appears to be regaining control in the short term.<\/p>\n\n\n\nWhy did Bitcoin’s price explode before crashing?<\/h2>\n\n\n\n