📉 #Bitcoin  dropped to $102,403 — triggered by U.S. airstrikes on Iran and cascading liquidations

$BTC  fell 1.11% in 24h amid geopolitical shocks and technical weakness.

🔻 What happened:

– U.S. strikes on Iranian sites (June 21) → $370M liquidated in 1 hour

– Traders rushed to stablecoins: USDT volume +3.5%

– Similar to April’s 8.5% $BTC  drop during Israel-Iran escalation

📊 Technical breakdown:

– Lost 10-day SMA and $104K pivot

– MACD: -708 (most bearish since May)

– RSI14: 41 — momentum weakening

– New key level: $102k (78.6% Fib)

📉 Over $700M liquidated in 24h, 85% of it long positions

Volume spiked to $45.3B → distribution phase confirmed

😐 Fear & Greed Index now at 40 (vs 73 in May)

But 75% of #BTC  is held by long-term holders — no mass panic yet

💬 If Middle East tensions cool off, could we see a retest of $104K resistance next week?

$BTC