Bitcoin has experienced its first significant correction since April, retreating from a record high of $111,880 after a 50% surge from $74,501. This pullback, occurring after nearly 50 days of continuous gains, is attributed to macroeconomic factors, including the U.S. government's unexpected tariff restoration and a rise in the 30-year Treasury yield above 5%. Despite these pressures, the pullback is viewed as a healthy reset rather than a collapse, driven by leverage write-offs and profit-taking following a robust recovery. The cryptocurrency market remains structurally strong, with potential major developments in corporate, regulatory, and global financial sectors on the horizon.