$BTC Increases by 2.62% After a Liquidation of $1 Billion Amid Geopolitical Tensions and Market Volatility

Bitcoin (BTCUSDT) experienced notable volatility in the last 24 hours, with over $1 billion in cryptocurrency positions liquidated—mainly from long positions—driven by increased uncertainty in the global market following geopolitical tensions between Israel and Iran and recent developments in U.S. trade policy. This environment led to strong selling pressure and a breakdown of key technical support levels, resulting in a brief drop to around $104,000 before recovering. According to the latest data from Binance, BTCUSDT is trading at $105,575.70, reflecting an increase of 2.62% from the 24-hour opening of $102,876.53. The market remains highly liquid, with strong trading volumes and a circulating supply of approximately 19.88 million BTC, while price action continues to be influenced by macroeconomic and geopolitical developments.