#BTCbelow100k

🚨 Bitcoin Crashes Below $100K! Geopolitical Chaos Triggers Market Panic 🚨

Bitcoin has just broken below the symbolic $100,000 mark, plunging to around $99,324 with a sharp 2.7% drop in the last 24 hours. The slide comes amid escalating geopolitical tensions following U.S. airstrikes on Iran and Tehran’s decision to close the Strait of Hormuz. Investors worldwide are fleeing risk assets, driving a selloff that wiped out over $1 billion in leveraged crypto positions. Nearly 240,000 traders were liquidated, with Bitcoin long positions alone facing $242 million in losses.

The technical picture looks fragile. Key support zones around $95,000 and $93,000 are now under intense watch. Whale wallets and institutional buyers have started to reduce spot market purchases, while trading volumes spiked nearly 18% as panic gripped retail investors. On-chain metrics also show Bitcoin’s RSI sliding toward oversold levels, raising hopes for a short-term technical bounce—but the risk of further downside toward $92,000 remains high.

Looking ahead, traders are eyeing a potential short squeeze if Bitcoin can reclaim the $104K–$106K range in the coming sessions. However, if geopolitical instability persists and macro pressures continue, BTC could face deeper losses. The next few days will be crucial as both traditional and crypto markets react to the unfolding global crisis.