Why is Bitcoin price down today?

Bitcoin is down 2.7% over the last 24 hours after running into resistance above the $111,000 level, among other drivers, including significant long liquidations.

Key points:

Bitcoin price fell 2.7% over the last 24 hours to $105,00 amid waning investor demand.

Bitcoin’s drop on May 30 triggered more than $210 million in long BTC liquidations.

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