A mix of major factors came together today to push the market lower:
1. Geopolitical Turmoil: Israel–Iran Conflict
Israel carried out airstrikes on Iran, which escalated tensions in the Middle East. That triggered a risk-off move across markets—investors started dumping risk assets fast.
Crypto got hit hard:
Bitcoin dropped nearly 5% intraday
Ethereum fell by around 10%
U.S. stock futures slipped ~1.5–1.8%
Meanwhile, safe havens like gold and oil surged
2. Macro + Regulatory Headwinds
The latest inflation data from the Fed didn’t help. It reinforced fears that we won’t see any rate cuts soon, and that’s cooling investor appetite—especially for risk and growth assets.
Also, U.S.–China trade tensions are back in the headlines. Talk of new tariffs is adding more pressure and uncertainty to global markets.
3. Options Expiry + Liquidations
Today saw over $3.7B in $BTC and $ETH
o
ptions expire—these big expiries usually spark volatility.
Liquidations topped $1.2B in the past 24 hours, with most of that coming from overleveraged long positions getting wiped out.
4. Technical Pullback / Profit-Taking
Bitcoin ran into resistance around $111K, right near the upper Bollinger Band. It looks like we’re seeing some profit-taking and a possible short-term correction.
MACD and RSI indicators are showing signs of cooling off—consolidation might be the next move.
TL;DR Summary$
FactorImpactGeopolitical riskMajor sell-off in risk assetsFed & macro dynamicsLower appetite for speculative playsOptions expiryVolatility spike + forced liquidationsTechnical pullbackShort-term correction after strong rally