$ETH Price rollback due to geopolitics

Due to the escalation of the Israel-Iran conflict, Bitcoin fell by more than 4%, first to $103,274, but then partially recovered to around $105,000. The crash also affected other cryptocurrencies (Ethereum -7%, Solana -9%), while gold rose by 1.1%.

• Liquidations of $1+ billion

Due to the sudden drop and high leverage exposure of Bitcoin, over $1.16 billion in positions were liquidated within a day.

• Consolidation below $105,000

Continued rollback: Bitcoin broke through the $105,000 mark, updating local lows around $104,700.🚀🚀