#IsraelIranConflict 📉 Why Cypto Market Crashed Today?

1. Geopolitical tensions sparked a risk-off wave

Israel’s airstrikes on Iranian military targets triggered a sharp decline—Bitcoin dropped over 4%, from ~$108K to around $103.5K, as investors rushed into traditional safe-havens like gold .

Crypto market liquidations surged—roughly $335 million in just one hour following the strike news .

2. Massive futures liquidations

The sudden volatility triggered a cascade: traders holding leveraged long positions faced forced sell-offs, amplifying the downward move .

3. Technical-driven pullback

Bitcoin’s rally near $111K hit resistance at the upper Bollinger Band, signaling overbought conditions. After peaking, the price pulled back to the mid‐band (around $106–$108K) .

Indicators like Stoch RSI flipped from overbought zones, suggesting a consolidation phase was overdue .

4. Profit-taking after ETF‐driven rally

Crypto has seen heavy ETF inflows recently (e.g. $164M into Bitcoin ETFs just Jun 11), lifting prices toward record highs .

This often leads to profit-taking and short-term corrections.

🔍 Summary

Today's crypto dip is the result of a perfect storm:

Trigger Effect

Mideast conflict Fear → flight from crypto

Massive liquidations Amplified the sell-off

Technical resistance & overbought Natural cooldown

Profit-taking post‑ETF surge Sellers locking gains

What could happen next?

If geopolitical tensions ease, crypto markets could rebound quickly—Bitcoin has shown resilience post‑crisis in past cycles .

But keep an eye on key support levels: around $106K–$108K for $BTC , and $2.7K for $ETH .

#MarketPullback #Tradersleague #IsraelIranConflict