- Middle East conflict triggered massive crypto selloff, Bitcoin lost key $103,000 support amid $16 billion market liquidation.
- Technical indicators show bearish signals while institutional sentiment divides between contrarian buyers and profit-taking sellers.
- Investors should eliminate leverage, use gradual positioning strategies, and focus on defensive assets during volatility.
Welcome to CoinRank Daily Data Report. In this column series, CoinRank will provide important daily cryptocurrency data news, allowing readers to quickly understand the latest developments in the cryptocurrency market.
SUDDEN GEOPOLITICAL CONFLICT TRIGGERS “STAMPEDE” CRASH
Early this morning (June 13), Israel launched airstrikes against Iran. Consequently, Middle East tensions escalated dramatically. Global financial markets experienced a surge in risk-off sentiment. Meanwhile, crypto markets bore the brunt of this impact.
Bitcoin plummeted from $106,000 to below $103,000, representing a decline of over 5%. Similarly, Ethereum briefly fell below $2,400. Additionally, network-wide liquidations exceeded $1.1 billion within 24 hours. Over 240,000 investors faced liquidation.
This crash exposed crypto’s extreme sensitivity to geopolitical risks. Furthermore, panic selling combined with high-leverage liquidations to create a vicious cycle. As a result, prices experienced short-term “flash crashes.”
TECHNICAL ANALYSIS AND ON-CHAIN DATA SHOW DOUBLE WARNING
Key Support Levels Breached
Bitcoin’s 4-hour chart consecutively broke through both the $105,000 and $103,000 support levels. Moreover, MACD indicators showed a bearish crossover. RSI dropped into oversold territory. Therefore, failure to reclaim the $101,000 level could trigger further selling pressure.
On-Chain Risk Signals
One week before the crash, Bitcoin’s open interest surged by 18%. Additionally, derivatives leverage ratios exceeded 25x, creating significant “long squeeze” risks. Meanwhile, miner wallet balances reached yearly peaks. Consequently, this potential selling pressure may intensify market volatility.
Institutional Operations Diverge
Metaplanet and similar institutions bought the dip aggressively. However, US Bitcoin ETFs experienced six consecutive days of net outflows. Some family offices chose to take profits. Thus, market sentiment remains sharply divided.
INSTITUTIONAL VIEWS: SHORT-TERM RISK VERSUS LONG-TERM VALUE
Bearish Camp: The Orbit Markets co-founder warns that Iranian retaliation could push Bitcoin down to the $90,000 support level. This scenario would mirror February’s “Black Tuesday” performance. Furthermore, JPMorgan cautions that geopolitical “weekend effects” may pressure risk assets even further.
Bullish Camp: The Bitwise CEO believes current selling primarily stems from early holders taking profits. Moreover, if prices can stabilize above $100,000, bottom-fishing funds will likely re-enter the market. Grayscale maintains its ambitious $150,000 yearly target. They emphasize that blockchain cross-border payments (Q1 growth: 47%) and sovereign nation accumulation strategies like El Salvador’s provide strong long-term support.
INVESTOR STRATEGIES: NAVIGATING VOLATILE CYCLES
Eliminate Leverage Exposure
The current volatility index (BVOL) has soared to 70. Therefore, high-leverage contracts are equivalent to “swimming naked” in turbulent waters. We strongly recommend adjusting all positions to below 3x leverage.
Implement Gradual Positioning
Reference established “fear index” thresholds carefully. When market sentiment remains below 25 for three consecutive days, consider implementing dollar-cost averaging strategies into Bitcoin and Ethereum core assets.
Focus on Counter-Cyclical Assets
Compliant stablecoins such as USDC and staking yield tokens like ETH 2.0 offer significantly better defensive characteristics during these turbulent market periods.
CONCLUSION: SURVIVAL RULES IN THE STORM
Geopolitical conflicts serve as “stress tests” for crypto markets. They expose the fragility of high leverage and emotional trading. Simultaneously, they validate blockchain technology’s censorship-resistant value.
In the battle between short-term risk aversion and long-term conviction, only strict risk management and rational allocation can navigate volatility. This approach helps capture the next narrative dividend.
〈CoinRank Daily Data Report (6/13)｜MIDDLE EAST CONFLICT REIGNITES! CRYPTO MARKET LOSES OVER $16 BILLION IN ONE DAY, BITCOIN BREAKS KEY $103,000 SUPPORT〉這篇文章最早發佈於《CoinRank》。
