What were the most significant events in the last 24 hours that could influence the price of the main cryptocurrency? Let's discover together the news related to Bitcoin and the developments to keep an eye on.
Bitcoin $BTC Price Crashes, Crypto Markets Lose $200 Billion After Israel Attacks Iran
Over $190 billion has flowed out of cryptocurrency markets in the past 12 hours, causing the overall market capitalization to fall by over 7% to $3.36 trillion. The plunge came on the heels of news of Israel launching a missile attack on Iranian nuclear sites.
Israel has declared a state of emergency, saying it expects “imminent counterattacks ,” the BBC reported. Meanwhile, Iranian media reported that residential areas in Tehran were hit, with civilians among the casualties .
According to data provided by Coinglass , positions worth more than $1 billion have been forcibly closed in the last 12 hours due to adverse market movements. In the last 24 hours, nearly 250,000 traders have been liquidated , meaning their open positions have been automatically closed to prevent further losses, usually due to margin failures.
Most of these liquidated positions, over 90%, were “long” trades, i.e. bullish bets, with a particular focus on Bitcoin and Ethereum. This indicates that many investors had bet on an increase in the price of these cryptocurrencies but the recent drop in prices triggered the automatic closure of their positions, thus generating significant losses and strong selling pressure on the market .
Bitcoin led the losses , falling sharply by $5,000 — from an intraday high of $108,350 — to a low of $103,000 in Asian trading on Friday morning. The asset found support at that level and has now rallied around $105,000, remaining in its six-week sideways channel.
Ethereum has fallen by more than 9% , from $2,760 to a low of $2,470 in a matter of hours. It has now recovered above $2,500, where there is solid technical support.
A still bullish underlying scenario
Despite the decline triggered by geopolitical tensions, the underlying backdrop remains bullish, and a rebound could be likely, as Bitcoin and major cryptocurrencies are often considered safe havens in times of crisis.
“When geopolitical conflicts escalate, investors tend to flee to fiat-backed sovereign debt. But that is ultimately a mistake, because money printing and devaluation inevitably follows. Smart investors will look for assets that cannot be devalued. The smartest ones will buy Bitcoin,” said former hedge fund manager James Lavish .
Will $3 Billion in Bitcoin Options Put Even More Pressure on Crypto Markets?
About 28,000 Bitcoin options contracts will expire today – Friday, June 13 – with a total notional value of about $3 billion. The event is very similar to last week’s options expiration, so the impact on spot markets should be limited. Prices have already fallen more than 7% in the past 24 hours.
The pool of options contracts expiring this week shows a put/call ratio of 0.95 , indicating a nearly even distribution of “put” (bets on the downside) and “call” (bets on the upside) positions. This balance suggests that the market is almost evenly split between traders who are optimistic and pessimistic about the future price of Bitcoin.
For this expiry, the max pain – the theoretical price at which the maximum overall loss for option holders would occur at expiration – is calculated at around $107,000, which is about $3,000 above the current market (spot) price. This level can serve as an important reference point , as the price of Bitcoin could gravitate towards this level as the options approach expiration, influencing volatility and price movements in the short term.
According to the Deribit platform , open interest (OI), or the number or value of BTC options contracts still active, is highest between the $110,000 and $140,000 strike prices, with over $1.5 billion at each level. This reflects the persistent optimism of bullish speculators.
Crypto derivatives provider Greeks Live noted that the market appears “divided on future direction ,” with bears having the upper hand in the debate as many traders have started buying put options as a form of protection.
He also reported a disagreement among traders on the price target of $120,000: “some consider it unachievable, while others hope it will be reached before a major correction.” The $90,000 level is instead being monitored as a possible retest threshold.
Mercurity Fintech to Raise $800 Million for Strategic Bitcoin Reserve
New York-based Mercurity Fintech Holding has announced plans to raise $800 million to establish a Bitcoin treasury reserve . The company plans to use the funds to buy and hold BTC as part of a broader strategy to transform its treasury management through tokenized financial solutions.
MFH plans to store assets using institutional-grade blockchain custody infrastructure. The plan also includes integrating staking services and tokenized treasury tools, with the goal of generating yield and improving capital efficiency.
The initiative represents an evolution from traditional treasury management models, moving towards a blockchain-anchored reserve structure , designed to increase strategic exposure to digital assets and strengthen the company’s long-term financial resilience.
In an official statement, CEO Shi Qiu said:
“We are building this Bitcoin treasury reserve based on our belief that Bitcoin will become an essential component of the financial infrastructure of the future. We want to position our company as a key player in the evolving digital financial ecosystem.”
A 31% annual growth rate could push Bitcoin to $168,000 by fall 2025
Market analyst Axel Adler Jr. has predicted a possible Bitcoin price surge to $168,000 by October 2025 , despite the leading cryptocurrency currently facing key resistance at $110,000, which could test its trajectory to new all-time highs.
The optimistic projection is based on a compound annual growth rate (CAGR) of 31% , up sharply from the 7% seen in April. According to Adler, this suggests that BTC is in a solid uptrend zone.
The expert noted that while the current CAGR is still “well below historical peaks of 50–80% ,” the combination of strong fundamentals and continued strength in the futures market could push the price of Bitcoin as high as $168,000 by early Q4 2025.
However, a few hours later he issued a short-term warning, noting signs of potential weakening:
“As long as funding remains positive but open interest continues to decline, a correction or consolidation phase below $108,000 is reasonable to expect.”
Resistance at $110,000 and a short corrective phase?
A similar analysis also comes from Michaël van de Poppe , another well-known crypto analyst, who highlighted BTC’s inability to surpass the $110,000 threshold: “It failed to break the $110,000 area, so a correction is likely,” he wrote on X. However, he believes that there is no reason to be alarmed unless BTC drops below $106,000.
Retail sentiment is showing signs of recovery: According to Santiment, the ratio of positive to negative posts about BTC on social media was 2 to 1 on June 11, the highest since Donald Trump’s election over seven months ago. However, the current Fear & Greed Index is 71, signaling a market in “greed zone” and hinting at a possible local top.
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