Bitcoin price blitz $730M sell-wall amid India’s missile attack on Pakistan
Bitcoin price rebounded as high as $97,260 on Wednesday after initially retracing towards $94,000.
Bitcoin’s latest volatile swings coincides with Asian geo-political tensions as the Indian military launches a missile attack on Pakistan.
Coinglass data shows BTC breached a cluster of $734 million BTC short positions around the $95,600 level.
Bitcoin price surged to $97,260 after initially retracing below $94,000 on Wednesday amid India’s missile attack on Pakistan, triggering market-wide volatility.
Bitcoin wobbles under pressure for India's military attack on Pakistan.
Bitcoin price climbed to $97,260 on Tuesday before swiftly retracing below $94,000 as geopolitical tensions exploded in South Asia.
The initial BTC price dip had conceded India’s military assault on nine targets across Pakistan and the disputed Kashmir region.
As the news spread across Asian markets, Bitcoin’s price reacted with immediate volatility. According to Coingecko data, BTC plunged toward $93,500, marking a sharp rejection from intraday highs. The move disrupted bullish momentum and triggered short-term selloffs during early trading hours in Asia.
Pakistan responded by announcing countermeasures, escalating fears of prolonged conflict. The sudden nature of India’s strike added weight to market uncertainty. Bitcoin's sharp dip coincided with regional instability, reinforcing its sensitivity to geopolitical flashpoints.
Traders reacted promptly, leading to sharp liquidations and exit from leveraged positions. Despite the drop, Bitcoin managed to hold above $93,500, signaling support near last week’s local lows.
Coinglass data also confirms that bullish leveraged positions now total $2.14 billion, higher than short-side leverage at $2.06 billion. This confirms bulls have regained dominance in the derivatives market.
With the $95,600 resistance cluster now broke, bulls could potentially push for another leg-up towards last week’s peak above $98,200
If Trump’s de-escalation efforts continue and global supply chains remain undisrupted by the India-Pakistan crisis, rising institutional demand could propel Bitcoin price towards the next major
milestone target at $100,000.
