According to Lookonchain, Bitcoin (BTC) experienced a significant 5.5% decline last week, dropping from $110,000 to below $104,000, primarily due to escalating tensions and conflict between Israel and Iran (source: Lookonchain Twitter, June 17, 2025). In contrast, the stablecoin market saw notable growth, with the total market cap of major stablecoins such as USDT and USDC increasing by $1.27 billion. This capital flow into stablecoins suggests risk-off positioning from traders, with many reallocating funds to more stable digital assets rather than holding volatile cryptocurrencies. This trend indicates heightened caution among market participants and may signal further short-term volatility in the broader crypto market.