BTC Surges 4.3% to $105K After Geopolitical Shocks Trigger $79.92M in Liquidations

Bitcoin (BTCUSDT) experienced notable volatility over the past 24 hours, primarily driven by heightened geopolitical tensions following U.S. airstrikes on Iranian nuclear facilities. This event triggered a sharp price drop below $100,000, resulting in significant liquidations of long positions and enabling large holders, such as Abraxas Capital, to realize approximately $79.92 million in gains from short positions. Despite the initial decline, Bitcoin quickly rebounded as market participants responded to increased global liquidity and renewed buying interest, pushing the price above $105,000. Technical indicators currently show mixed momentum, with short-term bullish signals emerging if resistance levels above $104,000 are maintained.

As of the latest data from Binance, Bitcoin is trading at $105,022.65, reflecting a 4.30% increase over the last 24 hours with strong trading activity and a circulating supply near 19.88 million BTC. The market remains highly liquid and active, underscoring Bitcoin’s dominant position and investor focus amid ongoing macroeconomic and geopolitical developments.