Bitcoin's price dipped below $100,000 but rebounded to around $102,000. Factors affecting the price include market participants looking to take profit or swap BTC for other assets, as well as a strong correlation between bitcoin and equities. Bitcoin reacted cautiously to recent events such as the Bank of Japan rate hike and China's advancements in AI. Bitcoin options implied volatility declined, suggesting traders are not expecting significant price action. Institutional investment in bitcoin ETFs and companies buying BTC continue to be bullish signals. Some market participants are pulling volatility out of the market through long-term investing and derivatives strategies. Despite the correction, some experts, like Ledn CIO John Glover, still expect BTC to reach $126,000 in the next two months.



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