Did Bitcoin just enter a danger zone? One airstrike, billions lost, and fear is exploding across crypto markets.
Key Highlights:
- Over $1.15 billion liquidated in 24 hours, with more than 249,000 traders wiped out across BTC, ETH, and altcoins.
- Dogecoin was the hardest hit among top assets, crashing nearly 7% in a single session.
Yello, Paradisers! Tensions in the Middle East just tore through the crypto landscape. Bitcoin plunged below $104K and Ethereum crashed to $2,650 as investors fled risk assets following reports of an Israeli airstrike on Iran’s nuclear facilities. With Iran threatening a “harsh” retaliation, the result has been nothing short of a panic-driven market bloodbath.
Blood on the Charts: Bitcoin Sinks, Longs Crushed
Friday morning delivered a shock to bullish traders. According to MCP onchain, one massive $201 million BTC long on Binance was annihilated. Bitcoin has now shed nearly 6% in 48 hours, breaking below $104K, while ETH dumped 6.5%, falling back to $2,528.
Crypto whales weren’t spared. A $54.5M long bet at 20x leverage, opened at $106,538, was dragged underwater within hours. Even the meme kings took damage, with Dogecoin tumbling 7%, becoming the day’s biggest loser.
The broader market lost $713 million in long positions, highlighting a sudden shift from greed to fear as geopolitical tremors wrecked sentiment.
War Headlines Meet Market Panic
Markets had already been on edge. Wednesday’s U.S. CPI report showed cooling inflation, which normally helps risk assets. But traders instead saw it as a cue to cash out profits, triggering an early correction.
That was just the tremor. The Middle East headlines detonated the collapse.
A strike on Iran’s nuclear facilities was reported late Thursday. Iran’s government promised a “harsh response” toward Israel and the U.S., sending gold to new highs above $3,444 and equities into retreat. Bitcoin and Ethereum, as usual, felt the brunt of the flight from risk.
Altcoins followed:
- Solana sank to $145
- XRP dropped to $2.13
- DOGE collapsed to $0.171
Even with bullish setups earlier in the week, the liquidation map now glows red.
The Bottom Line: More Fear Coming?
This is your reminder that Bitcoin may be decentralized, but it’s not immune to macro fear. If war escalates, we may see an even deeper shakeout. But moments like this also offer once-in-a-cycle entries for those who know how to read the market right.
For real-time updates on geopolitical impacts and liquidation heatmaps. Skip the overpriced cappuccino and join MCP News Private for just $3/month—because this market doesn’t wait.
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