Bitcoin has dropped 15% after hitting a record high of around $108,365, with potential for further decline. Analysts point to a rising Tether market dominance as a warning sign. The USDT Dominance Index, which tracks Tether's market share, is rebounding, suggesting traders are moving funds into Tether amid expected volatility.

The ForexX Mindset warns of a possible "huge dump" in Bitcoin, despite recent price gains. Bitcoin's failure to surpass key resistance levels and its overbought RSI signal a potential correction. If the decline continues, Bitcoin might target $81,500, with a deeper fall possibly reaching $67,700.