Geopolitical tensions in the Middle East have once again shaken the Crypto markets. Bitcoin suddenly dropped under the psychological bar of $ 105,000 after Tel Aviv claimed a series of attacks on Iran.
In short
- Bitcoin lost 2.8 % in 90 minutes, going from $ 106,042 to $ 103,053 after the Israeli strikes.
- More than $ 427 million in long positions were liquidated in 24 hours.
- Crypto analysts anticipate a rapid reversal in favor of Bitcoin.
The Israel-Iran conflict violently shakes the Bitcoin market
The explosions that rocked Tehran on Thursday at 10:50 p.m. UTC immediately sparked a wave of sales in the crypto markets. Israel quickly claimed these air strikes, targeting the Iranian nuclear program according to Benjamin Netanyahu.
This military escalation took short the optimistic traders which were betting on the continuation of the increase towards new historical summits despite increasing tensions in the Middle East.
The reaction was particularly brutal. In just 90 minutes, Bitcoin abandoned nearly $ 3,000, slipping from $ 106,042 to $ 103,053.
This Fall of 2.8 % Driven the hopes of a rapid crossing of the $ 111,940 record set last May. Massive liquidations bear witness to the surprise of investors: $ 427.84 million in long positions were swept in 24 hours, according to Corglass.
The contrast is striking with traditional refuge assets. Gold won 1.44 % while crude oil flew by 11 %, fully benefiting fears of regional destabilization. This divergence questions the real status of bitcoin as a reserve of value in time of geopolitical crisis.
The repercussions are not limited to prices. Indeed, Ayatollah Ali Khamenei promised a “severe punishment” to Israel, suggesting new tensions.
Iran has already retaliated by launching more than 100 drones, fueling a disturbing climbing cycle for the stability of global financial markets.
Crypto experts remain confident despite volatility
Paradoxically, this fall does not discourage the emblematic figures of the Bitcoin ecosystem. Anthony Pompliano recalls that this reaction is “exactly what happened” during the previous tensions in October, when Iran had launched hundreds of rockets on Israel.
At the time, Bitcoin had initially dropped by 3 % before outperforming gold and oil within 48 hours.
This historical analysis nourishes the optimism of long -term investors. Samson Mow, founder of Jan3, directly arrested Ryan Cohen, CEO of Gamestop, encouraging him to “buy fear”.
Its recommendation takes a special resonance when you know that Gamescop has already invested $ 513 million in 4,710 bitcoins last May.
This confidence is based on solid technical fundamentals. Onchain data reveals that 3.77 million BTCs have been removed from exchange platforms over the past five years, drastically reducing the available offer. This reinforced HODL strategy could catalyze a new upward phase. Some analysts even mentioning a goal at $ 230,000.
The American political environment also remains favorable. Donald Trump's displayed support for Crypto industry continues to fuel positive expectations. Microstrategy Michael Saylor even goes so far as to predict the final end of the lower markets, tabling on a bitcoin at a million dollars.
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