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Cryptocurrency prices have been sharply affected due to the escalation between Israel and Iran, especially regarding the demand for riskier assets:
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⚠️ Immediate drop and volatility
• Bitcoin saw a decline of nearly 5.5% from its levels between $110,000 and $102,800 following Israeli strikes on Iran, before recovering to ~ $105,000.
• Ethereum dropped even more by about 8–9%, from around $2,800 to about $2,450.
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📉 Liquidity and leverage-related risks
• Market liquidity witnessed a liquidation of more than $1 billion within 24 hours, especially in long positions, where the liquidation amount exceeded $1.15 billion.
• Some sources indicate operations such as “forced liquidation” due to investors fleeing from riskier assets.
