#noticiascripto 🚨🔥Cryptocurrency traders are nervous as $1 billion in BTC short bets are at stake

As missiles flew over Iranian airspace and Bitcoin (BTC) fell below $100K for the first time since May. This psychological level is becoming increasingly symbolic rather than technical. However, BTC was already above $101,000 on Monday morning but stagnated between levels, which could make or break momentum.

The drop below six figures, fueled by panic over U.S. airstrikes on Iranian nuclear facilities, shook cryptocurrency traders and wiped out nearly half a billion dollars in long positions. New data suggests that if Bitcoin manages to break above $102.5K, the market could see short bet liquidations worth $1.04 billion.

The $97K–$102K zone for Bitcoin becomes critical

The price of Bitcoin is hovering around the $101k-$102k zone as investors continue to speculate on its next move. Its 24-hour trading volume has increased by 36% to $62.96 billion, suggesting that traders are moving money amid high turbulence. Data indicates that if BTC falls below $100k, it could trigger long bet liquidations worth $345 million.