10:35 ▪
3
min read ▪ by
It was no longer a threat. Just a matter of days. The rumors started to burn on Saturday morning. The United States and Israel attacked Iran. “Massive and continuous” operation, says Donald Trump. Missiles whistle over Tehran. And meanwhile, another war begins on the screens of merchants. Bitcoin falls: hard, fast, below $64,000.
In short
- The United States and Israel launched a massive attack on Iran on Saturday, February 28.
- Bitcoin fell from $66,000 to $63,500 within minutes of the announcement.
- Liquidations totaled $450 million, including $185 million per hour.
- Netanyahu justified the operation to eliminate Iran’s “existential threat”.
Bitcoin Black Saturday: 66,000 to 63,500 in few minutes
Trump finally took action on Iran. First the first explosion. News channels report strikes on Tehran, Isfahan and Qom. Then came the confirmation, sharp as a blow with a baton. Benyamin Netanyahu speaks:
Not long ago, Israel and the United States launched an operation to eliminate the existential threat posed by the terrorist regime in Iran.
Traditional markets are closed. Nothing moves on Wall Street on Saturday. However, Bitcoin remains open. It bears the full weight of global panic. It will drop from $66,000 to $63,500 in a few minutes.
A drop hurts. Many. Now without a doubt: cryptocurrencies react to missiles in real time. It has become a thermometer of global fear.
450 million liquidated: another war rages on the order books
While the bombs are falling on Iran, another battle is going on. Quiet. Ruthless. That is, liquidation. The number drops, staggering: $450 million cleared in twenty-four hours. Including 185 million within a single hour of the attack. Long positions, bullish bets, destroyed in one click. Many have placed in recent days.
Bitcoin traded between $62,500 and $70,000 as of Wednesday. Classic consolidation. The perfect trap. Then came the strikes. And everything exploded. Ironic: Bitcoin, an asset once said to be independent, disconnected from banks, is revealing its fragility.
A rocket in Iran and thousands of traders in Seoul, London or New York will lose their bets. Ultimately, cryptocurrency is not a safe haven. It’s a mirror. And that day the mirror showed the world in flames.
Collapsing numbers
- Bitcoin Drop: From $66,000 to $63,500 in Minutes;
- Total liquidations: $450 million in 24 hours;
- Liquidation in one hour: 185 million just after the attack;
- Targets of strikes: Tehran, Isfahan, Qom, Karaj, Kermanshah;
- $63,834: the price of BTC at the time of writing.
Despite this slump, experts emphasize a crucial point. Bitcoin’s four-year cycle is holding firm. The signals on the string become coherent again. Deep structure resists. Rockets shake prices, not fundamentals. The fear will pass. The cycle remains.
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The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it
DISCLAIMER OF LIABILITY
The views, thoughts and opinions expressed in this article are solely those of the author and should not be taken as investment advice. Before making any investment decision, do your own research.
