US Strikes on Iran Shake Markets: Bitcoin Tests $100K Support Amid Escalating Geopolitical Tensions (June 16-22)

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US Strikes on Iran Shake Markets: Bitcoin Tests $100K Support Amid Escalating Geopolitical Tensions (June 16-22)

Bitcoin’s $100K Stress Test: Geopolitics Meets Crypto Resilience

The week that changed everything - Just as Bitcoin seemed comfortably range-bound between \(102K-\)109K, B-2 bombers struck Iran’s nuclear facilities, proving once again that crypto never trades in a vacuum. Here’s my cold-eyed analysis from 34 floors above Wall Street.

Macro Shockwaves: Oil Up, Risk Down

The Pentagon’s June 21st surgical strikes triggered classic haven flows:

  • Brent crude surged 7% weekly (testing $78)
  • Gold hit $33,452/oz
  • VIX volatility index spiked

Crypto’s 247 nature made it the canary in the coal mine: BTC briefly broke $100K support (-1.14%) while ETH tanked nearly 10% across two days. Lesson: When B-2s fly, altcoins die first.

Institutional Backstop vs. Retail Panic

Our data shows:

  • Long-term holders added 28,920 BTC
  • Short-term speculators dumped 24,650 BTC

Spot ETF inflows provided stability until Friday’s leveraged long massacre - 90% of $103K break was liquidated positions. The market structure held, but barely.

The $90K Scenario Nobody Wants

Current trajectory depends entirely on Iran’s response:

  1. Contained retaliation = BTC rebounds to $105K
  2. Strait of Hormuz blockade = Test $90K support

Remember: During the 2020 US-Iran crisis, BTC initially dropped 8% before outpacing gold. This time? We’ve got institutional scaffolding absent in previous cycles.

Pro tip: Watch CME’s oil options - when $90+ strike volumes spike, your Bitcoin stack might need armor.

WolfOfCryptoSt

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