Odaily News Bitfinex Alpha reports: Bitcoin (last week) showed a strong rebound at the beginning of the week, rising 4.7% from the weekly opening price and briefly retesting the previous record high of $109,590. However, optimism was quickly replaced by risk aversion after Israel's unexpected attack on Iran on June 13 triggered a global market crash. Bitcoin gave up most of its early gains, falling 7.33%, and closed lower this week as rising oil prices and macro uncertainty weighed heavily on investor sentiment, highlighting that even strong trends can quickly derail due to external shocks, especially when the market is hot. Beneath the surface, traders' behavior reveals growing pressure. Bitcoin net buying volume plummeted to -$197 million (see figure below), the lowest level since June 6, indicating that sellers have taken control of the market and aggressively sold BTC at market prices. However, this sell-off, coupled with a surge in liquidation volume, resembles past capitulation sell-offs - such sell-offs often mark local market bottoms. If Bitcoin can hold the $102,000 to $103,000 range, it could be a sign that selling pressure is being absorbed and the market could be ready for a recovery — assuming geopolitical risks don’t intensify further.