According to Francisco Rodrigues, cryptocurrencies declined sharply as Israeli airstrikes on Iran heightened global risk aversion, with Bitcoin (BTC) dropping 2.9% and the CoinDesk 20 Index falling 6.1% over 24 hours. Gold futures rose 1.3%, indicating a flight to safety, while Solana (SOL) fell 9.5% despite earlier gains from SEC ETF speculation, as reported by Jake Ostrovskis of Wintermute. Spot BTC and ETH ETFs saw strong inflows of $939 million and $811 million month-to-date, respectively, but market focus shifted to geopolitical tensions, with Polymarket traders pricing a 91% chance of Iranian retaliation. Derivatives data showed reduced open interest and increased put/call ratios, signaling defensive positioning.