BTC Surges 2.62% After $1 Billion Liquidation Amid Geopolitical Tensions and Market Volatility

Bitcoin (BTCUSDT) experienced notable volatility in the past 24 hours, with over $1 billion in crypto positions liquidated—primarily from long positions—driven by increased global market uncertainty following geopolitical tensions between Israel and Iran and recent U.S. trade policy developments. This environment led to sharp selling pressure and a breakdown of key technical support levels, resulting in a brief dip to around $104,000 before recovering. As of the latest Binance data, BTCUSDT is trading at $105,575.70, reflecting a 2.62% increase from the 24-hour open of $102,876.53. The market remains highly liquid, with strong trading volumes and a circulating supply of approximately 19.88 million BTC, while price action continues to be influenced by macroeconomic and geopolitical developments.