$BTC over 4%, from approximately ~$108K to around $103.5K, as investors flocked to traditional safe assets, such as gold.

The cryptocurrency market experienced a sharp increase in liquidations—approximately $335 million in just one hour after news of the strike.

2. Mass futures liquidations

The sudden volatility triggered a cascade: traders holding leveraged long positions faced forced selling, exacerbating the decline.

3. Technically driven reversal

The Bitcoin rally near $111K encountered resistance at the upper Bollinger band, signaling overbought conditions. After peaking, the price returned to the average range (around $106–$108K).

Indicators such as Stoch RSI reversed from oversold zones, indicating that the consolidation phase was already due.