Cryptocurrency Market Rocked by Israel-Iran Conflict: Binance Liquidations Signal Bearish Shift

On Friday, June 13th, the cryptocurrency market experienced a sharp selloff following a surprise military strike on Iran by Israel. This geopolitical shock sent global risk assets plummeting, with Ethereum (ETH) falling below the crucial $2,600 support level and Bitcoin also feeling the impact. Analysis from CryptoQuant revealed concentrated liquidations occurred on Binance, specifically in the $2,650-$2,430 range, indicating a rapid loss of positions held by traders expecting further gains.