#IsraelIranConflict

📉 Why Cypto Market Crashed Today?

1. Geopolitical tensions sparked a risk-off wave

Israel’s airstrikes on Iranian military targets triggered a sharp decline—Bitcoin dropped over 4%, from ~$108K to around $103.5K, as investors rushed into traditional safe-havens like gold .

Crypto market liquidations surged—roughly $335 million in just one hour following the strike news .

2. Massive futures liquidations

The sudden volatility triggered a cascade: traders holding leveraged long positions faced forced sell-offs, amplifying the downward move .

3. Technical-driven pullback

Bitcoin’s rally near $111K hit resistance at the upper Bollinger Band, signaling overbought conditions. After peaking, the price pulled back to the mid‐band (around $106–$108K) .