Crypto Market Crash – Key Highlights (June 13, 2025)
The crypto market saw a sharp downturn today due to a combination of geopolitical and market-driven factors:
1. Geopolitical Tensions
Israeli airstrikes on Iranian military targets sparked a global risk-off sentiment. Bitcoin dropped over 4% (from ~$108K to ~$103.5K) as investors fled to traditional safe-havens like gold. Nearly $335M in crypto liquidations occurred within an hour.
2. Futures Liquidations
Volatility triggered widespread liquidations of leveraged long positions, accelerating the downward move.
3. Technical Correction
Bitcoin faced resistance near $111K (upper Bollinger Band), indicating overbought conditions. Indicators like Stoch RSI also signaled a cooling phase, prompting a natural pullback.
4. Profit-Taking Post ETF Rally
Strong ETF inflows (e.g., $164M into BTC ETFs on June 11) had driven recent highs. Today’s dip reflects short-term profit-taking.
Outlook:
If tensions ease, a quick rebound is possible. Key support levels to watch:
Bitcoin (BTC): $106K–$108K
Ethereum (ETH): $2.7K