In the night of June 22, 2025, $BTC fell below the psychological mark of $100,000 for the first time since May 8, reaching $99,300 on the Binance exchange. This happened after reports of U.S. strikes on Iran's nuclear facilities, which heightened geopolitical tensions. According to CoinGlass, the drop triggered the liquidation of positions worth $200 million within 12 hours, mostly long positions. Overall, the liquidation volume in the crypto market reached $1.16 billion for the day, of which $1.05 billion was attributed to long bets.
The geopolitical conflict in the Middle East has become a catalyst for panic, and algorithmic trading systems have exacerbated the collapse by closing losing positions. Technical analysis shows a break of support at $105,000, opening the way to $96,000. Despite this, Bitcoin partially recovered to $101,000, demonstrating resilience.
Analysts note that further dynamics will depend on the developments in Iran and inflation data in the U.S. Bitcoin ETFs are experiencing capital outflows, but some funds, such as IBIT from BlackRock, are maintaining inflows. The market remains volatile, so investors should be cautious.
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