What happened today in the crypto world.

🧨 1. Widespread market decline

98 of the top 100 cryptocurrencies dropped, with a 3% reduction in total market capitalization (~$3.26 B) in 24 hours.

The decline was driven by airstrikes from Israel against Iran, which increased risk sentiment and triggered massive sell-offs.

💥 2. Bitcoin leads the correction

BTC fell from ~$108,000 to levels between $103k–105k, breaking the key support of $106k.

More than $1.16 billion in leveraged positions were liquidated, with margin especially affected on longs.

📉 3. Ethereum and altcoins also plummet

ETH dropped around 8% in a week, surpassing the decline of most altcoins.

Altcoins like SOL, XRP, and DOGE also fell between 6%–9%.

🔓 4. Upcoming token unlocks

It is estimated that over $450 million in tokens will be unlocked in June, including Sui, LayerZero, Aptos, ZKsync, and Starknet. This could add selling pressure in the short term.

🏛️ 5. Intensified geopolitical risk

The Israel-Iran tensions are the main catalyst for the recent volatility.

The market reacts negatively to risk assets whenever the conflict escalates.

📌 6. Technical outlook for Bitcoin

BTC touched the 50-day moving average (~$102,500) and then bounced back to $105,000, showing that there are still buyers on the dips.

This could be interpreted as a sign of institutional strength or future accumulation.

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