According to Francisco Rodrigues, Bitcoin (BTC) fell 2.9% following Israeli airstrikes on Iran, sparking a global risk-off sentiment that caused the broader crypto market to decline 6.1%. SOL dropped nearly 9.5% despite earlier gains from SOL ETF speculation, as noted by Jake Ostrovskis, an OTC trader at Wintermute. Derivative data from Velo shows open interest fell to $49.31 billion, and put/call ratios increased for BTC and ETH, indicating heightened demand for downside protection. Polymarket traders estimate a 91% chance of Iranian retaliation, escalating market uncertainty and shifting focus from ETF inflows like $939 million for BTC and $811 million for ETH.

According to CoinDesk, bitcoin (BTC) fell 2.9% to $104,889 and the CoinDesk 20 Index dropped 6.1% as Israeli airstrikes on Iran triggered a global risk-off sentiment, with Solana (SOL) plunging 9.5% despite earlier ETF optimism. CoinGlass reported $1.16 billion in liquidations, mostly long positions, while spot BTC ETFs saw $939 million in inflows month-to-date per Farside Investors, highlighting heightened geopolitical risks for traders.