According to Francisco Rodrigues, bitcoin (BTC) declined 2.9% over 24 hours as Israeli airstrikes on Iran intensified geopolitical tensions, causing a 6.1% drop in the broad crypto market index and prompting investors to flee risk assets. Jake Ostrovskis noted that Solana (SOL) fell 9.5% despite SEC requests for ETF S-1 updates, with a 90% approval probability by year-end, suggesting the market is underexposed to SOL. Spot BTC ETFs saw $939 million in net inflows month-to-date, per Farside Investors, while derivatives open interest dropped to $49.31 billion, according to Velo data, amid elevated liquidations.

According to AltcoinGordon on Twitter, $2.16 billion worth of Ethereum (ETH) short positions will be liquidated if ETH reaches the $3,000 price level (source: AltcoinGordon, Twitter, June 10, 2025). This large-scale liquidation could trigger rapid price movements and increased volatility, providing a significant opportunity for traders to watch for breakout momentum and potential short squeezes. Crypto market participants should closely monitor ETH price action and related derivatives data as the $3,000 threshold approaches, as substantial liquidations can influence spot and futures market dynamics.