Bitcoin Weathers Market Rout as Israel hits Iran

By Francisco Rodrigues (all times one unless otherwise stated)

Cryptocurrencies slipped as Israeli air strikes on Iran’s nuclear and missile sites broke global mood and sent investors who fled risk assets.

Coindesk 20 index (CD20), a measure of the wide crypto market, lost 6.1% over 24 hours, and Bitcoin (BTC), as some of some as a refuge, dropped 2.9%. Gold futures, a more traditional refuge, rose 1.3% from their closure.

Israeli Prime Minister Benjamin Netanyahu said the attack overnight, which also targeted Iran’s top military leaders, was aimed at rolling back Iran’s nuclear program and missile functions. Iran, who has repeatedly called for Israel’s destruction, responded by launching 100 suicide drones against Israeli territory, although a more concerted reaction is expected.

The strike came less than 24 hours after the International Atomic Energy Agency said Iran did not comply with uranium enrichment limits. The United States said it was not involved in the attack that killed some of Iran’s military leaders.

The escalation experienced risk assets everywhere. Japan’s Nikkei fell about 0.9%, the US Index Futures fell 1.2%, and Euro Stoxx 50 lost 1.35%. The US crude oil -Futures, on the other hand, rose more than 6% to $ 73, with Brent Raw, spitting 14% at one point. Gold rose to $ 3,445 per Ounce and approached his high time.

Cryptocurrencies’ Fall Dashed Gains, appointed earlier this week on the back of ETF approval speculations. Solana’s sun

In particular, had gathered for reports that SEC asked ETF issuers to update their S-1 archives that potentially speed up the launch time line. Sun is down almost 9.5% over the past 24 hours.

“Over the night, reports showed that SEC has asked Solana Etf issuers to update S-1 archives that triggered a sharp rally in the sun,” Jake Ostrovskis, an OTC operator at Wintermute, told Coindesk.

“Bloomberg Etf analysts Eric Balchunas and James Seyffart remain optimistic and assign a 90% probability of approval at the end of the year, with potential approvals coming as soon as July or within three to five weeks after the updated archives,” Ostrovskis said.

As a result, he said, the market is “now relatively undersprised of sun and related assets, making the current setup particularly interesting to look at.”

Despite optimism and growing influxes to spot-crypto-ETFs, with BTC funds that bring in $ 939 million to month to date and ETH, watching $ 811 million in net flow, investors are now focused on the Middle East.

The Polymarket -Dealers weigh a 91% chance that Iran will retaliate against Israel this month, while perceiving odds of US military action against Iran jumped from only 4% to 28%. Stay aware!

What to look at

Crypto
- June 16: 21Shares performs a 3-for-1 share division for ARK 21Shares Bitcoin Etf (Arkb); Ticker and NAV remain unchanged.
- June 16: Brazil’s B3 exchange launches USD-set ether (0.25 ETH) and Solana (5 Sun) Futures Contracts, approved by Brazil’s Securities Control, Comissão de Valores Mobiliários (CVM) and Benchmarked for Nasdaq indexes.
Macro
- 15.-17. JUNE: G7 2025 SUMMIT (Kananaskis, Alberta, Canada)
- June 17: The US Senate votes on the last passage of the bill that governs and establishes national innovation for US StableCecoins (Genius Act of 2025).
Earnings (Estimates based on Factset -Data)
- June 23 (TBC): Hive Digital Technologies (HIVE), Post -Market, $ -0.12

Token -events

Management votes and calls
- Vilbumum DAO votes on a proposal to launch drip, $ 80 million. Incentive program targeting specific defi activity. Managed by a foundation -led selection would drip reward users directly and allow DAO to shut it down via voting. Voting ends on June 20th.
Unlock
- June 15: Starknet (Strk) to lock 3.79% of its circulating supply worth $ 15.04 million.
- June 15: SEI (SEI) to lock 1.04% of its circulating supply worth $ 9.70 million.
- June 16: Arbitum (Arb) to lock 1.91% of its circulating supply worth $ 31.28 million.
- June 17: Zksync (ZK) to unlock 20.91% of its circulating supply worth $ 37.26 million.
- June 17: Apecoin (APE) to lock 1.95% of its circulating supply worth $ 10.43 million.
Token launches
- June 16: Consulted Deadline to Unmining Stmatically as part of Lido on Polygon’s Sunset Process Ends
- June 26: Coinbase to Delister Helium Mobile (Mobile), Render (RNDR), Ribbon Finance (RBN) and Synapse (Vision).

Conferences

Derivatives Location

Open interest (OI) across TopderDivates venues experienced a sharp reset.
After peaking over $ 55 billion on June 12, Total Oi dropped to a month’s low of $ 49.31 billion, according to VELO data.
Binance throws over $ 2.5 billion overnight along with broad risk reduction across OKX, Bybit, abolition and hyperliquid. The withdrawal relaxes much of the stable building seen earlier this month.
Option positioning also became more defensive, with dismissed data showing BTC and ETH Put/Calling Relationships, which climb to 1.28 and 1.25 respectively.
While upward strikes like $ 140,000 (BTC) and $ 3,200 (ETH) still have great call interest, the majority of 27 remain. June exposure for the money. The shift suggests the growing demand for downward protection along with lingering upward optionality.
Financing remains largely negative, especially across altcoins. ETH is at –7.99% on abandoned and BTC of –1.06%. Sharp discounts persist for dot (–15.2%), link (–15.1%) and 1000shib (–44.5%).
Hype (+8.27% on Hyperliquid) and Aave (+9.95% on Bybit) are among the few that show long bias.
Despite Tuesday’s $ 1.16 billion in liquidation, leverage remains elevated. Coinglass data shows that 90% of liquidations came from along. As of June 13, Bitcoin liquidation warmers highlight up to $ 84 million for a long time OI between $ 102K and $ 104K. These levels remain unpredicted, but can reinforce downward if broken.

Market movements

BTC has fallen 1.08% from 1 p.m. 16 A Thursday to $ 104,889.07 (24 hours: -2.42%)
ETH has fallen 4.48% of $ 2,523.28 (24 hours: -8.81%)
Coindesk 20 has fallen 3.2% at 3,007.21 (24 hours: -6.04%)
Ether Cesr Composite Staking Rate is unchanged at 3.11%
BTC financing rate is at 0.0018% (1,9776% annual) on Binance

DXY has increased by 0.44% at 98.35
Gold Futures have risen 1.25% of $ 3,445.00
Silver Futures have risen 0.47% of $ 36.47
Nikkei 225 closed 0.89% at 37,834.25
Hang bed closed 0.59% at 23,892.56
FTSE has dropped 0.38% at 8,851.53
Euro Stoxx 50 has fallen 1.37% at 5,287.21
Djia closed Thursday 0.24% at 42,967.62
S&P 500 closed 0.38% at 6,045.26
Nasdaq Composite closed 0.24% at 19.662.48
S&P/TSX Composite closed 0.35% at 26,615.75
S&P 40 Latin America closed 0.30% at 2,617.09
US 10-year-old Treasury is unchanged at 4.365%
E-MINI S&P 500 FUTURES have fallen 1.16% at 5,979.50
E-MINI NASDAQ-100 FUTURES ARE DOWN 1.42% AT 21.621.50
E-mini dow jones industrial average index has dropped 1.18% at 42,483.00

Bitcoin statistics

BTC Dominance: 64.77 (0.70%)
Ethereum to Bitcoin ratio: 0.02412 (-3.52%)
Hashrate (Seven-Day Sliding Average): 928 EH/S
HashPrice (Spot): $ 52.43
Total fees: 4.86 BTC / $ 508,710.78
Cme futures open interest: 150,705 BTC
BTC priced in gold: 30.6 oz
BTC VS GOLD MARKET CAP: 8.66%

Technical analysis

Ether continues to face resistance at the daily block of order, where the price falls below Monday’s high when the tension ramps up in the Middle East.
Earlier today, it traded briefly during Monday’s low before that level was regained this level.
A daily close to Monday’s low at $ 2480 adapted the 200-day exponential sliding average that has served as key support since May-Ville being an encouraging sign of strength.

Crypto shares

Strategy (Mstr): Closed on Thursday to $ 379.76 (-1.9%), -2.63% to $ 369.78 in Pre-Market
COINBASE GLOBAL (COIN): CLOSED TO $ 241.05 (-3.84%), 2.1% to $ 236
CIRCLE (CRCL): CLOSED TO $ 106.54 (-9.1%), +1.32% TO $ 108.1
Galaxy Digital Holdings (GLXY): Closed to C $ 26.44 (+0.08%)
Mara Holdings (Mara): Closed to $ 15.82 (-3.24%), 3.41% to $ 15.28
Riot Platforms (Riot): Closed to $ 10.21 (-3.22%), -3.33% to $ 9.87
Core Scientific (Corz): Closed to $ 12.14 (-0.9%), -2.55% to $ 11.83
CLEANSPARK (CLSK): CLOSED TO $ 9.71 (-2.61%), -2.99% TO $ 9.42
COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): CLOSED TO $ 19.61 (-1.95%)
Semler Scientific (SMLR): Closed to $ 30.74 (-3.09%), -2.41% to $ 30
Exodus Movement (Exod): Closed to $ 31.62 (+1.74%)