#IsraelIranConflict Over $1 billion in crypto liquidations occurred across positions in Bitcoin, Ether, Solana, XRP, and others as geopolitical tensions intensified after Israel launched major airstrikes on Iran, followed by Iran’s missile and drone retaliations .

Bitcoin plunged as low as $103 K, marking a 3–5% drop before stabilizing around $105 K . Ether tumbled nearly 7–8%, Solana close to 9%, while XRP dropped ~4% .

2. Risk-Off Sentiment & “Not-So-Digital-Gold” Reality

Despite previously touted as a “digital gold,” Bitcoin behaved like a risk asset, trending down in the wake of the crisis. Traditional safe havens—gold, the U.S. dollar, and Treasuries—saw inflows; gold rose ~1%, dollar strengthened ~0.4% .

This challenges the narrative that Bitcoin is a resilient store of value during conflicts .

3. Surge in Volatility = Danger of Leverage

Binance and other exchanges warned the use of leverage is extremely risky in this environment, with fast-moving order books increasing the odds of liquidation .