💥 $1B Liquidated in Crypto Carnage as Iran-Israel Tensions Boil Over

In the early hours of Friday, news of an Israeli attack on Iran sparked crypto market selling. Bitcoin fell 5% below $104,000. Altcoins lost 6%–9%. According to Coinglass, liquidations wiped away over $1 billion, including long holdings.

Rising Tensions Shake Global Markets
Market analysts say the hit spurred a rush into safe assets. S&P 500 futures fell 1.9% as oil and gold rose significantly. WTI oil rose over 12% to $77 a barrel. Gold surpassed $3,400 an ounce as investors sought refuge.


Ex-BitMEX CEO Arthur Hayes predicted choppy seas. “Hold on to your butts out there, degens,” he wrote after the collision. US President Donald Trump's proposed tariffs heightened danger, he said. Ethereum fell 8% to $2,505, a critical support level. Other cryptocurrencies dropped 10% in hours.

Reports say gold and oil weren't shy. Analysts believe oil prices have risen 30% from May lows. Those counting on lower inflation or early rate reduction may be wrong. Gold's rise implies many are worried about the future. Some anticipate this increase to subside as tensions lessen.

The Future of Crypto
Short-term outlooks vary. As stories fade, some traders foresee a comeback from this knee-jerk response. Others say the US CPI number later this week might provide another twist. If inflation data is lower than predicted, it might boost sales or ease concerns.



Volatility is back hard. Markets were already on edge due to increased interest rates and geopolitical disputes in recent weeks. With the Middle East front back in focus, large swings may continue. Bitcoin may drop below $95,000 if selling persists, analysts say.

A $1 billion liquidation tsunami is big. However, the move's rapidity may make traders expect a swift rebound. The next hours and days will focus on safe-haven assets, US economic data, and Iran-Israel tensions.

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