According to COINOTAG, geopolitical tensions intensified following Israel’s preemptive strike on Iran on June 13, triggering notable disruption across cryptocurrency markets. Bitcoin experienced a sharp correction, briefly dipping below $102,000 and registering a 5% decline within 24 hours. This volatility precipitated approximately $1 billion in liquidations, predominantly impacting long positions valued at $937 million, alongside $67.71 million in short position liquidations.
Market analysts at BiyaPay maintain a bullish stance on Bitcoin despite the recent upheaval, emphasizing that transient geopolitical events have historically had limited impact on Bitcoin’s long-term growth trajectory. Bitcoin’s role as a resilient global digital asset and a preferred hedge continues to underpin its robust demand, suggesting sustained momentum towards the $150,000 price target.
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