According to Francisco Rodrigues, bitcoin (BTC) fell 2.9% as Israeli airstrikes on Iran triggered a risk-off sentiment, causing the CoinDesk 20 Index to drop 6.1%. Solana (SOL) declined 9.5%, reversing earlier ETF-driven gains, after the SEC requested updated S-1 filings for Solana ETFs, with Bloomberg ETF analysts Eric Balchunas and James Seyffart assigning a 90% approval probability by year-end. CoinGlass data reported $1.16 billion in liquidations, mostly from long positions, while Velo data showed derivatives open interest falling to $49.31 billion and put/call ratios rising, indicating increased demand for downside protection.