Key Takeaways:
- Bitcoin Price Drops 2.5% After Israel’s Strike on Iran, Triggering $170B Market Cap Loss and Mass Liquidations.
- BTC Bull ($BTCBULL) Presale Gains Momentum with $7.1M Raised, Offering Rewards Linked to Bitcoin’s Price Surge.
Israel’s military strike on Iran sent shockwaves across global financial markets—crypto included. Bitcoin (BTC), the flagship cryptocurrency, dropped 2.5% to $104,937, according to CoinMarketCap, erasing nearly $170 billion from its total market capitalization. The broader crypto market mirrored the sell-off, reflecting heightened investor anxiety amid escalating geopolitical tensions.
This abrupt correction triggered mass liquidations, with Binance’s BTC Net Taker Volume plunging to -$197 million—the lowest since June 6—highlighting aggressive selling pressure. Funding rates on Binance Futures dipped into negative territory, signaling short sellers are now paying a premium to maintain their bearish positions.
Despite the panic, some analysts view this drop as a potential bottom. CryptoQuant CEO Ki Young Ju pointed out that long-term holders have accumulated over 881,000 BTC in the past month, showing unwavering faith in Bitcoin’s long-term trajectory. Additionally, more than $970 million has flowed into U.S.-listed Bitcoin ETFs in the last three days, reinforcing institutional confidence.
#Bitcoin long-term holders added 881,578 BTC over the past 30 days. pic.twitter.com/0503O8acpm
— Ki Young Ju (@ki_young_ju) June 13, 2025
Technical indicators also paint a nuanced picture. On the 4-hour chart, Bitcoin’s RSI hovers around 37, nearing oversold territory. A close above $105,000 could spark a rally toward $107,500. However, the MACD remains bearish, and failure to hold the $104,800 support level could send BTC tumbling to $102,500.
Amid the volatility, meme coin BTC Bull (BTCBULL) is gaining momentum. The token offers a presale model uniquely pegged to Bitcoin’s performance. For every $25,000 BTC price increase between $100,000 and $250,000, BTCBULL holders receive deflationary burns and Bitcoin airdrops. A major airdrop is planned once BTC hits $250,000.
Also Read: MicroStrategy Insiders Dump MSTR Stock Amid Bitcoin Push
With its current presale price at $0.00256 and $7.1 million already raised, BTCBULL is nearing its $8.15 million funding goal. Available for purchase with ETH or USDT, the presale ends in under 17 days.
As market volatility tests investor sentiment, BTCBULL offers a fresh angle—rewarding those who believe in Bitcoin’s long-term ascent. Whether Bitcoin rebounds or dives further, all eyes remain on crypto’s next move.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
