$BTC

Panic is expensive: traders 'burned' $1.7 billion in BTC sell-offs 💸

From June 16 to 18, traders, frightened by the geopolitical escalation in the Middle East, massively sold off bitcoin: 16,700 BTC (~$1.7 billion) were sent to exchanges, sold at a loss.

The reason? Fear and panic amid the conflict between Iran and Israel. The price of BTC plummeted from $109,000 to $103,450. The market quickly cooled down — along with the emotions.

📉 Analysts at Swissblock called what happened a 'blind spot' — sellers are weak, but there is no demand either. As a result — a sideways market and summer stagnation.

💡 Conclusion: in crypto, it's not the one who sells first that wins, but the one who can remain unafraid. Those who panic lose, those who endure profit.