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๐จ โThe cryptocurrency market ends todayโs session in anger โ $650 million in liquidations and BTC drops to ~99K!โ ๐๐ฅ
๐ June 23, 2025
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๐ What happened today:
Bitcoin recently dropped below $99,000 before a partial recovery (currently at ~101,500$).
The market saw liquidations worth nearly $650 million over 24 hours, with losses affecting more than 187,000 traders.
Ethereum dropped below $2,200 and is now hovering around ~$2,196.
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๐ฅ What caused the shock today?
1. Escalating tensions in the Middle East: News of an attack and the possibility of closing the Strait of Hormuz pushed investors to flee towards safe assets.
2. Massive liquidation of leveraged positions: Many long speculators lost their positions under the sharp pressure of prices.
3. Psychological support test at 100K: Breaking this level led to a rapid panic wave that pushed it down to 98K before recovery.
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๐งญ Whatโs next after the drop:
Partial recovery expected: The market shows a partial recovery with new support, but still faces a test at $101.5Kโ$102K to regain confidence.
Long-term traders: Buying opportunities are likely to appear at support levels ($98Kโ$100K).
Short-term speculators: Violent reactions possible if resistance level is hit, especially with stop-loss orders in place.
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๐ท๏ธ Trending hashtags today:
#CryptoCrisis ash #Liquidations #bitcoin in #Ethereum #Geopolitics iticalRisk #BinanceFeed
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๐ Follow FARIS ROUIBI
$BTC #