🧵 What do you think about the near future of #BOB ? It's had some interesting movements lately. Do you think it will rise or fall in the coming days? 💬 Comment on why you voted that way. Technical analysis? News? Whales on the move?
📉 Bitcoin crashes—down around 4% BTC fell from approximately $108,000 to $103,274, a drop close to 4% during the day, although it slightly rebounded to $105,000–$106,000.
The drop breaks the critical technical support (50-day SMA/EMA), located in the range of $102,500–$104,000, which could push the price down to $100k if it does not stabilize.
🔥 Ethereum and altcoins suffer even more
ETH dropped between 7% and 9.4%, recovering slightly after falling below $2,500.
Solana, Dogecoin, XRP, and other altcoins saw declines between 8–10%.
🌍 Why is this happening?
1. Geopolitical tension between Israel and Iran
A recent airstrike by Israel against Iran generated global risk aversion, prompting massive sell-offs in volatile assets like crypto and stimulating flows into traditional safe havens like gold and oil (the latter rose more than 6%, and gold by 1%).
2. Liquidation of leveraged positions
More than $1 billion in leveraged positions were liquidated, including nearly $427 million just in BTC longs; this intensified the bearish domino effect.
3. Options and technical sentiment
The BTC options skew—indicating demand for bearish hedges (puts)—reached its most negative level since April, signaling high risk aversion.
Technically, the indicators (MACD, RSI) show correction signals, but not a total trend change; some analysts suggest this could be a "buy the dip" rather than a prolonged collapse.
🧨 1. Widespread market decline 98 of the top 100 cryptocurrencies dropped, with a 3% reduction in total market capitalization (~$3.26 B) in 24 hours.
The decline was driven by airstrikes from Israel against Iran, which increased risk sentiment and triggered massive sell-offs.
💥 2. Bitcoin leads the correction
BTC fell from ~$108,000 to levels between $103k–105k, breaking the key support of $106k.
More than $1.16 billion in leveraged positions were liquidated, with margin especially affected on longs.
📉 3. Ethereum and altcoins also plummet
ETH dropped around 8% in a week, surpassing the decline of most altcoins.
Altcoins like SOL, XRP, and DOGE also fell between 6%–9%.
🔓 4. Upcoming token unlocks
It is estimated that over $450 million in tokens will be unlocked in June, including Sui, LayerZero, Aptos, ZKsync, and Starknet. This could add selling pressure in the short term.
🏛️ 5. Intensified geopolitical risk
The Israel-Iran tensions are the main catalyst for the recent volatility.
The market reacts negatively to risk assets whenever the conflict escalates.
📌 6. Technical outlook for Bitcoin
BTC touched the 50-day moving average (~$102,500) and then bounced back to $105,000, showing that there are still buyers on the dips.
This could be interpreted as a sign of institutional strength or future accumulation.
🧭 1. Binance Main Interface Upon logging into your account, you'll see: Main menu at the top: Buy Crypto, Markets, Trading, Wallet, etc. User Dashboard (top right): Access security, verification, history, etc. Live Price Dashboard: To view cryptocurrencies and their variations.
💰 2. How to Deposit Money or Cryptocurrencies 🔹 From local currency (such as bolivars or pesos): Click "Buy Crypto" > P2P Trading. Select your currency (VES, COP, USD, etc.). Choose your payment method (bank transfer, Zelle, etc.). Buy USDT or another crypto by sending the payment to the seller (Binance protects your funds). Once the payment is approved, the USDT arrives in your P2P wallet (you can transfer it to the spot wallet). 🔹 From another wallet (if you already have crypto): Go to “Wallet” > “Spot”. Select the currency (e.g., USDT) and click “Deposit”. Copy the address provided by Binance. Use that address to send your crypto from another app or wallet.
📈 3. How to buy and sell cryptocurrencies ✔️ Easy option (for beginners): Go to “Buy Crypto” > “Credit/Debit Card” or “P2P”. Enter the amount and select the cryptocurrency you want to buy (e.g., BTC, USDT). Follow the steps and confirm. ✔️ Trading option (more advanced): Go to “Trading” > “Classic” or “Advanced”. Choose the trading pair (e.g., BTC/USDT). Place your order: Market (direct purchase) or Limit (wait for a price).
🔄 4. Transfers between wallets Binance has several internal wallets: P2P: Where you buy and sell with people. Spot: Where you trade. Earn, Futures, Margin: More advanced options. You can easily move funds between them: Go to "Wallet" > "Overview". Click "Transfer", choose the source and destination.
🧾 5. How to withdraw money To a local bank or mobile payment: Use P2P > Sell, choose your local currency and seller. Binance will release your crypto only when you confirm receipt of the payment.
🛡️ Basic security. Never share your password or security codes.
#BTCNextMove In this correction, I am almost completely sure that $BTC will drop to $90k but there it will bounce back and stabilize along with the altcoins, but I don't think it will reach its highest point. Neither will the altcoins, it's even likely that they will drop again. $ETH $BNB BTC