Bitcoin price experienced a brief correction on May 12, dropping to $102,388 from an intraday high of $105,819 during the US trading session. The correction may have been influenced by de-risking ahead of the May 13 Consumer Price Index (CPI) print. Despite the correction, Bitcoin’s market structure and qualitative fundamentals remain positive, indicating that the downturn could be short-lived. Recent positive news, such as progress in US-China trade talks and announcements of major Bitcoin acquisitions by companies like Strategy, have contributed to Bitcoin’s recent momentum. However, data from Glassnode suggests a potential period of consolidation for Bitcoin following a 9% gain in the last week. The firm highlighted a possible increase in profit-taking and de-risking activities in the market, with selling observed in both perpetual futures and spot markets. The upcoming CPI report and the perceived pricing in of the US-China trade deal by the market could have driven some traders to close profitable positions. The US Dollar Index (DXY) rally and strong stock market performance also impacted Bitcoin’s inability to sustain levels above $104,000. The current market dynamics suggest a short-term technical correction, awaiting the outcome of the CPI report to determine the next market sentiment. As Bitcoin adoption in traditional finance grows and regulatory clarity improves, the correction may present a buying opportunity for long-term investors. This article emphasizes that it does not provide investment advice and encourages readers to conduct their own research before making any investment decisions.