BTC Drops 3.6% to $99K Amid Geopolitical Tensions and Options Expiry Pressure

Bitcoin (BTCUSDT) experienced a 3.60% price decline over the last 24 hours, with the current Binance price at $99,529.35 and a 24-hour open of $103,247.04. The primary drivers of this drop were heightened geopolitical tensions following U.S. airstrikes on Iran, which triggered panic selling and increased market volatility, as well as anticipation of a significant options expiry event on June 27. Despite a brief recovery above $102,000 as buyers defended key support levels, sellers remained active below $103,000, maintaining a neutral-to-bearish short-term outlook. Market activity remains robust, with high trading volume and Bitcoin consolidating near the $100,000 mark amid continued institutional participation and macroeconomic concerns such as the rising U.S. national debt.