$1.1 Billion Liquidated in a Flash

The sudden drop caught investors completely off guard. According to CoinGlass, a staggering $1.1 billion in leveraged positions were liquidated in the past 24 hours. Roughly $1 billion of that came from long positions in BTC and ETH.

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Just days ago, Bitcoin had rallied to $110,265 — nearing its all-time high of $111,940 set on May 22. The sharp reversal underscores the fragility of the current crypto market environment.

Israel-Iran Conflict Sends Shockwaves Through Markets

The trigger behind the market chaos: Israel’s confirmed military action targeting Iran. News outlets Al Jazeera and Axios reported that Israel bombed multiple sites, including the capital Tehran. Prime Minister Netanyahu stated, “We are targeting Iran’s ballistic missile capabilities,” and signaled that operations would continue.

Reports suggest high-ranking Iranian military officials may have been killed and key Revolutionary Guard command centers destroyed. Iran has acknowledged the attacks and promised retaliation. The escalating tensions have spooked investors and added volatility to already shaky markets.

ETF Inflows Show Institutional Confidence

Despite the market downturn, June 12, 2025, saw net inflows of $79.5 million into spot Bitcoin ETFs and $112.3 million into spot Ethereum ETFs. This suggests that institutional investors may still be confident in BTC and ETH over the long term, regardless of short-term shocks.

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