According to Francisco Rodrigues, bitcoin (BTC) fell 2.9% as Israeli airstrikes on Iran escalated geopolitical tensions, causing a broad crypto market decline of 6.1% according to market data. Gold futures rose 1.3%, indicating a flight to traditional havens. Solana (SOL) dropped 9.5% despite positive ETF developments, and derivatives data from Deribit shows increased demand for downside protection with BTC put/call ratio at 1.28. Spot BTC and ETH ETFs attracted net inflows of $939 million and $811 million respectively month-to-date, per Farside Investors, while Polymarket traders assign a 91% chance of Iranian retaliation this month.

According to Francisco Rodrigues, Bitcoin (BTC) fell 2.9% and the CoinDesk 20 Index lost 6.1% as Israeli airstrikes on Iran spurred a global risk-off sentiment, with investors fleeing cryptocurrencies. Solana (SOL) plunged nearly 9.5% despite earlier gains from Solana ETF speculation, as noted by OTC trader Jake Ostrovskis, while spot Bitcoin ETFs recorded $939 million in net inflows month-to-date. Derivatives data from Velo showed open interest dropping to $49.31 billion, and Coinglass reported $1.16 billion in liquidations, mostly long positions, indicating heightened market volatility.

According to CoinDesk, Bitcoin (BTC) dropped 2.9% and the CoinDesk 20 Index declined 6.1% over 24 hours as Israeli airstrikes on Iran heightened global risk aversion, sparking a flight from cryptocurrencies. Solana (SOL), which had rallied on SEC ETF approval speculation, plunged nearly 9.5% amid the conflict, while spot BTC ETFs recorded $86.3 million in daily net inflows. Derivatives data from Velo and Deribit showed increased demand for downside protection, with $1.16 billion in liquidations reported by CoinGlass.

According to Lookonchain, Ethereum (ETH) experienced a sharp decline, enabling smart trader 0xcB92 to accumulate an unrealized profit of $9.37 million from his ETH short position. This significant gain highlights active shorting strategies as Ethereum volatility increases, sending signals to traders about potential continued bearish momentum in the crypto market. As ETH price pressures mount, market participants may observe increased short interest and volatility, which could influence broader crypto asset pricing and trading strategies. (Source: Lookonchain on Twitter)