Bitcoin fell below $103,000, declining 3–5% in the wake of renewed geopolitical tension. Altcoins such as Ethereum, Solana, and XRP dropped by 6–11%. Over $1.1–1.2 billion in long positions were liquidated across major exchanges including Binance, Bybit, and OKX.
Key Drivers
Geopolitical tension led to broad de-risking, with capital rotating into gold and USD. Technical pressure remains high, with BTC testing the $102K–$104K support zone. Market sentiment deteriorated; volatility increased and Fear & Greed Index turned bearish. Institutional flows remain relatively stable.
Outlook
Short-term: Elevated volatility likely to persist; further downside possible depending on conflict dynamics. Mid-term: Potential for recovery if escalation slows and market stabilizes. Long-term: Reinforces that crypto is still treated as a risk asset under stress, though institutional adoption continues to deepen.
Regional Update: Syria
Binance has re-opened trading access for users in Syria following the easing of U.S. sanctions. SYP-based trading pairs are now available, marking a step toward broader financial inclusion in restricted jurisdictions.
Observations & Risk Levels
Monitor liquidation volumes (> $1B) as indicators of market stress or potential reversal zones. Track developments around Iran’s military and political response, particularly in the Strait of Hormuz. Key price levels to watch: $102K–$106.5K BTC, where significant support and potential rebound activity may occur.
