Bitcoin is currently trading around $112,800–113,000, slipping about 2–3% in the past 24 hours. The market is showing signs of pressure as traders debate whether this is just a healthy pullback or the start of something bigger. The crash was triggered by a combination of high leverage, low liquidity, and a "Triple Witching" crypto options expiry, compounded by macroeconomic worries such as recession fears and Treasury yield rises.