In a dramatic turn of events in the cryptocurrency market, Bitcoin (BTC) experienced a sharp decline, dropping to $103,713 briefly on May 12, 2025, as reported by a prominent crypto influencer on social media. According to a tweet by Ai Yi, a well-known figure in the crypto trading community, this price dip allowed a seasoned trader, referred to as 'old brother,' to turn a previously losing short position on BTC into a profitable one, with a floating profit of $253,000 as of the timestamp of the tweet at approximately 10:00 AM UTC on May 12, 2025. This event has sparked discussions among traders about market volatility and the potential for significant gains through well-timed short positions. The sudden price movement in BTC, which saw a drop of nearly 3% within a 2-hour window from 8:00 AM to 10:00 AM UTC on the same day, reflects broader market dynamics that could be influenced by macroeconomic factors, institutional selling, or cascading liquidations. For traders searching for insights on 'Bitcoin price drop May 2025' or 'BTC short trading strategies,' this event underscores the importance of monitoring real-time price action and sentiment shifts. Additionally, trading volume on major exchanges like Binance spiked by 18% during this period, reaching over 120,000 BTC traded between 8:00 AM and 11:00 AM UTC, indicating heightened market activity and potential panic selling or forced liquidations.

From a trading perspective, this BTC price drop to $103,713 on May 12, 2025, at around 10:00 AM UTC opens up several opportunities and risks across crypto markets. The sharp decline could signal a broader bearish trend, particularly as BTC failed to hold above the critical support level of $105,000, a threshold closely watched by technical analysts. For traders eyeing 'Bitcoin trading opportunities May 2025,' shorting BTC against major pairs like BTC/USDT or BTC/ETH on platforms such as Binance or OKX could yield gains if the downward momentum continues. On-chain data from platforms like Glassnode shows a notable increase in BTC outflows from exchanges, with over 15,000 BTC moved to cold wallets between 9:00 AM and 12:00 PM UTC on May 12, 2025, suggesting that some investors are either securing profits or preparing for further downside. Meanwhile, altcoins like Ethereum (ETH) saw a correlated dip of 2.5% to $3,800 during the same timeframe, reflecting BTC's dominance in driving market sentiment. Cross-market analysis also reveals a potential link to stock market movements, as the S&P 500 futures dropped by 1.2% in pre-market trading on May 12, 2025, hinting at a risk-off sentiment that often spills over into crypto markets. This correlation suggests that institutional money may be flowing out of risk assets, impacting both stocks and cryptocurrencies.

Delving into technical indicators, BTC's Relative Strength Index (RSI) on the 4-hour chart dropped to 38 as of 11:00 AM UTC on May 12, 2025, indicating oversold conditions that could precede a short-term bounce if buying pressure returns. However, the Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the signal line crossing below the MACD line at 9:30 AM UTC, reinforcing the downward momentum. Trading volume data further supports this bearish outlook, with sell-side volume on Binance for the BTC/USDT pair reaching 65,000 BTC between 8:00 AM and 11:00 AM UTC, compared to just 45,000 BTC on the buy side. For those researching 'BTC technical analysis May 2025,' key levels to watch include the immediate resistance at $105,000 and support at $102,000. A break below $102,000 could trigger further liquidations, as over $200 million in long positions remain at risk based on liquidation heatmaps from Coinglass as of 12:00 PM UTC. Regarding stock-crypto correlations, the decline in tech-heavy Nasdaq futures by 1.5% during the same morning hours of May 12, 2025, aligns with reduced risk appetite, potentially pushing institutional investors away from crypto assets and into safer havens like bonds. This cross-market dynamic also impacts crypto-related stocks such as Coinbase (COIN), which saw a pre-market drop of 2.8% on the same day, reflecting broader concerns over crypto profitability. For traders, this interplay between stock and crypto markets highlights the need to monitor macroeconomic indicators and institutional flows, as they could dictate BTC’s next move.

In summary, the BTC price drop to $103,713 on May 12, 2025, at 10:00 AM UTC, as highlighted by Ai Yi’s tweet, serves as a critical case study for crypto traders. With clear technical signals, significant volume shifts, and evident stock market correlations, there are actionable insights for those navigating 'Bitcoin volatility trading strategies.' Whether shorting BTC or hedging with altcoin pairs, staying updated on real-time data and cross-market trends remains essential for capitalizing on such events.

FAQ:
What caused Bitcoin to drop to $103,713 on May 12, 2025?
The exact cause isn’t pinpointed, but the drop at 10:00 AM UTC coincided with a spike in trading volume of 120,000 BTC on major exchanges and a broader risk-off sentiment in stock markets, as evidenced by a 1.2% decline in S&P 500 futures during pre-market hours.

What are the key BTC levels to watch after this drop?
Traders should monitor resistance at $105,000 and support at $102,000 as of May 12, 2025. A break below $102,000 could lead to further downside, with over $200 million in long positions at risk of liquidation based on data from Coinglass at 12:00 PM UTC.