$BTC Bitcoin Dips Amid Geopolitical Tensions – Key Levels to Watch**

The Bitcoin ($BTC) market is facing heightened volatility as geopolitical tensions between Israel and Iran trigger a risk-off sentiment across global markets. Here’s a breakdown of the latest developments and what traders should monitor:

**Bitcoin Price Action**

- **Recent Drop**: BTC fell **4%** to **$103K** after hitting a weekly high of **$110,653**, driven by profit-taking and escalating Middle East tensions .

- **Current Support**: The 50-day SMA (**$103,150**) is holding as a critical level. A break below could target **$100K**, while recovery above **$108K** may reignite bullish momentum .

- **Futures Data**: June 2025 BTC futures closed at **$105,455**, reflecting a **1.53% decline** amid market uncertainty .

**Geopolitical Impact**

- **Oil & Crypto Correlation**: Oil prices surged **6%**, pressuring risk assets like BTC. Analysts warn that further escalation (e.g., Iran closing the Strait of Hormuz) could deepen crypto sell-offs .

- **Liquidations**: Over **$1.15B** in crypto positions were liquidated, with BTC alone seeing **$448M** in sell-offs .