- Dealers liquidated crypto-long positions of half a billion dollars when an Iranian attack nailed hope for the ceasefire.
- Bitcoin slipped under $ 105,000 after Israel’s retaliation measures fear the expansion of the conflict.
The cryptoma market reacted allergically when reports appeared that Iran started attacks with disregarding a ceasefire agreement. The sudden change interrupted the rally and triggered renewed uncertainty. The agreement that had been reported with the help of US President Donald Trump and Qatarian mediation collapsed just a few hours after their signing.
The dealers reacted quickly, and the cryptom market lost positions worth $ 500 million in less than an hour.
The long positions were fully affected by the effects because the confidence was sworn and a sharp reversal was emerging. The Bitcoin course, which had increased steadily, fell under $ 105,000 again at the time of publication. The sudden change in panic and forced investors to deal with quick price fluctuations.
Israel’s Defense Minister Israel Katz reacted with a statement that “intensive strokes” were carried out against Tehran. The explanation followed Israeli claims about Iranian violations of the ceasefire. General chief of staff Eyal Zamir confirmed this attitude and was concerned about a possible escalation of the war in the region.
"In light of the severe violation of the ceasefire carried out by the Iranian regime, we will respond with force."
-The Chief of the General Staff, LTG Eyal Zamir in a situational assessment now
— Israel Defense Forces (@IDF) June 24, 2025
500 million dollars destroyed by breaking the ceasefire
Iran then contested any violation of the ceasefire. However, the country’s National Security Council vowed to practice retaliation during a provocation. While some had expected that the initial ceasefire would stabilize the situation, the renewed attack led to a dramatic change of pace that forced the markets to recalculate the risk. Result: Cryptocurrencies experienced a sudden sale, led by massive liquidations of external-financed long positions.
The liquidation volume of $ 500 million made it clear how quickly the panic achieved control. When the geopolitical risks reappeared on the dealers’ screens, the initial upward dynamics quickly faded during the week. Those who kept long positions saw their profits waning because the sales pressure won the upper hand.
In the middle of the general drop in the market, a voice warned. The Dutch Analyst Michael van de Poppe pointed out that Bitcoin could still be in a strong upward trend despite the sudden setback:
“Bitcoin has a trend reversal. It is now in an upward trend after we have experienced a massive liquidation crash to under $ 100k. He broke $ 103k and met the next resistance. Time to buy the dip.”
Trump is reunited against the central bank boss
While the financial markets reacted to the reports about the military, political pressure in other areas increased. President Trump used the moment to criticize the chairman of the Federal Reserve, Jerome Powell, and to accuse him of delaying the reduction in interest rates. Trump on Truth Social:
“No inflation, great economy – we should be at least two to three points lower. That would save the United States $ 800 billion a year. If Powell’s refusal to reduce interest rates backfire, he could raise interest rates again. ”
Trump asked the congress that “something against this very stupid, rigid person” to make his statements seemed to be set out to exercise direct political pressure on monetary policy decisions, and at a time when financial uncertainty increases.
The crypto market is now in the center of overlapping threats: military strokes between two regional powers and domestic policy tensions about economic policy. While Bitcoin is struggling to stay over $ 103,000 and look out for safe soil, the overall effects of the individual factors are moving further. For the moment, the mood of bullish optimism has developed to wait carefully.
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