Bitcoin has fallen sharply amid the latest Israel‑Iran hostilities. On June 13, 2025, BTC dropped from around $108,000 to the $103–$104K range—a decline of approximately 3–4% within 24 hours .
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🔍 Why Bitcoin fell amid the conflict
Factor Explanation
Risk-off sentiment Geopolitical uncertainty triggered a sell-off in cryptocurrencies, with investors fleeing to safe-haven assets like USD, gold and Treasuries .
Oil spike & inflation fears Brent crude surged over 8%, fueling inflation worries. This could prompt the Fed to delay rate cuts, which typically dampens BTC liquidity .
Derivatives pressure Hedging demand drove BTC put options more expensive than calls—GBP skew reaching its lowest in months, reflecting bearish bets .
Mass liquidations Roughly $1.15 billion in crypto leveraged positions were wiped out amid the market panic .
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📉 Technical & Macro Outlook
BTC crashed below key moving averages (50‑day SMA/EMA) at around $102,000–$103,000. Risk of deeper retreat exists unless geopolitical tensions ease .
Historically, during mid‑east conflicts, crypto has behaved like a risk asset—dropping sharply as traders sought safer assets .
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🛡️ What could stabilize Bitcoin?
1. De-escalation in the Middle East would reduce global risk aversion.
2. Oil prices calming would ease inflation concerns and support financial risk-taking.
3. Support at $102K vicinity may hold if broader global sentiment steadies.
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✅ Bottom Line
The Israel‑Iran war escalations have triggered a clear risk‑off response: Bitcoin sold off ~4%, reaching key technical support but facing potential deeper downside if conflict continues. Watch for these developments:
Middle East situation updates
Oil price movements
Fed tone on inflation and rates