BTC Surges 4% After $1 Billion Liquidations Amid US-Iran Tensions and 800,000 BTC Sold

Bitcoin (BTCUSDT) experienced heightened volatility over the past week, primarily driven by escalating geopolitical tensions between the US and Iran, including recent US military strikes on Iranian nuclear sites. This instability led to over $1 billion in liquidations across the crypto sector and triggered significant selling by short-term holders, with on-chain data indicating over 800,000 BTC sold since May 27. Following a sharp drop below $99,000 on June 22, 2025, Bitcoin rebounded, and as of the latest Binance data, the price stands at $103,169.69, reflecting a 4.32% increase over the past 24 hours from a 24h open of $98,897.92. The broader market remains cautious, with total capitalization above $2 trillion and robust 24-hour trading volume exceeding $37 billion, as Bitcoin maintains its position as the leading cryptocurrency by market cap.