The decline in Bitcoin price after Israeli airstrikes on Iran

The Israeli airstrikes targeted nuclear and military sites in Iran, including uranium enrichment facilities, increasing geopolitical tensions in the Middle East.

The geopolitical tensions drove investors away from high-risk assets like Bitcoin, causing a sharp decline.

Liquidation of speculative long positions on Bitcoin worth $427 million within 24 hours due to a sharp sell-off.

Some analysts believe that the current declines may present buying opportunities for investors betting on a recovery, as seen in a previous pattern.