Bitcoin may find new support in the $102,000 to $105,000 range, according to CryptoQuant analyst Axel Adler Jr. The senior net UTXO supply ratio, a key metric, peaked at 0.96 on June 11 before dropping to 0.806 within 48 hours. A sustained ratio below 0.80 could signal a buying opportunity, potentially stabilizing Bitcoin's price. However, a drop below $100,000 could trigger increased selling pressure. Market dynamics are currently influenced by geopolitical tensions, with crude oil and gold rising as safe-haven assets following Israel's preemptive strike on Iran. This geopolitical unrest has also led to a decline in stock markets. Additionally, mainstream cryptocurrency exchanges have liquidated $360 million in long positions over the past 24 hours, reflecting heightened market volatility.