Today in the crypto world

Cryptocurrencies tremble: sudden and intense drop

📉 Bitcoin crashes—down around 4%

BTC fell from approximately $108,000 to $103,274, a drop close to 4% during the day, although it slightly rebounded to $105,000–$106,000.

The drop breaks the critical technical support (50-day SMA/EMA), located in the range of $102,500–$104,000, which could push the price down to $100k if it does not stabilize.

🔥 Ethereum and altcoins suffer even more

ETH dropped between 7% and 9.4%, recovering slightly after falling below $2,500.

Solana, Dogecoin, XRP, and other altcoins saw declines between 8–10%.

🌍 Why is this happening?

1. Geopolitical tension between Israel and Iran

A recent airstrike by Israel against Iran generated global risk aversion, prompting massive sell-offs in volatile assets like crypto and stimulating flows into traditional safe havens like gold and oil (the latter rose more than 6%, and gold by 1%).

2. Liquidation of leveraged positions

More than $1 billion in leveraged positions were liquidated, including nearly $427 million just in BTC longs; this intensified the bearish domino effect.

3. Options and technical sentiment

The BTC options skew—indicating demand for bearish hedges (puts)—reached its most negative level since April, signaling high risk aversion.

Technically, the indicators (MACD, RSI) show correction signals, but not a total trend change; some analysts suggest this could be a "buy the dip" rather than a prolonged collapse.