🌐 Why Are Most Cryptos Red on Binance Today? 1. Escalating Geopolitical Tensions
The U.S. launched airstrikes on Iran’s nuclear facilities (June 21–22), significantly increasing global uncertainty. Risk assets like cryptocurrencies typically drop in such environments
Major altcoins (ETH, SOL, ADA) dropped 5–10%, with over $670 million in liquidations triggered
2. Technical Market Reaction Liquidations in crypto futures (long positions) have surged—reports mention $458M to $682M in recent sessions—amplifying downward pressure .
Bitcoin broke below the $100 K–$105 K range, a critical psychological barrier, provoking further sell-offs
3. Broader Macro & Sentiment Environment This drop is occurring amid a period of crypto volatility after a multi-week bull run—markets are undergoing a typical "bull‑flag" correction .
Some analysts also point to the Fed’s decision to maintain interest rates, influencing investor sentiment toward risk-off assets
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