Crypto Markets Plunge as 152,000 Traders Liquidated Amid Geopolitical Tensions

Bitcoin (BTC) prices dropped 3.8% to a low of $63,038 following reports of coordinated U.S. and Israeli military strikes on Iran. The broader market faced significant pressure, with Ethereum (ETH) falling nearly 9% as geopolitical escalations triggered a flight from risk assets. This volatility led to the liquidation of over 152,000 traders, with total market liquidations reaching $450 million across various exchanges. As traditional global markets remained closed, digital assets served as the primary outlet for pricing the heightened regional risks in real-time. Market participants are closely monitoring technical support levels as the confirmed involvement of major powers adds a new layer of uncertainty to the environment. These movements underscore the extreme sensitivity of the crypto market to direct military developments, serving as a key barometer for risk during weekend sessions.