QCP Capital reports that Israeli airstrikes on Iranian nuclear facilities have triggered risk-off sentiment, with BTC and ETH falling approximately 3% and 9% respectively, and a surge in demand for short-term put options. Meanwhile, Cloudflare and Google Cloud experienced massive outages, putting pressure on the US tech sector, and the crypto market witnessed over $1 billion in long liquidations. DeFi Development Corp also announced a $5 billion allocation to purchase SOL, indicating that some institutions remain bullish on mainstream assets.