Bitcoin Plunges to $103K Amid Escalation: Whale Accumulation Signals Potential Rebound

A shockwave rippled through global markets on Friday as Israel’s airstrikes on Iranian targets sent Bitcoin plummeting to a new all-time high of $103,000. Investors panicked, seeking safety in traditional assets like gold and oil. As the world braced for potential escalation, over a billion dollars in crypto positions were liquidated, wiping out thousands of traders. However, beneath the panic, on-chain data suggests a counterbalancing trend: large Bitcoin holders, known as whales, are quietly accumulating more cryptocurrency, hinting at a possible V-shaped recovery.