PANews reported on June 13 that according to QCP Asia's analysis, the Israeli airstrike on Iran's nuclear facilities, which resulted in the death of Iranian Revolutionary Guard Commander Salami, triggered a surge in safe-haven assets, with oil and gold both rising. S&P 500 futures fell below 6000 points, BTC dropped by about 3%, and ETH fell by 9%. Market volatility spiked, with BTC front-end put option premiums reaching 5 volatility points, indicating strong risk aversion demand. Meanwhile, the massive internet outage in the United States impacted tech stocks and triggered over $1 billion in long liquidations in the crypto market. Despite this, institutional demand continues to support BTC, with DeFi Development Corp announcing a $5 billion allocation to SOL, highlighting undiminished confidence in mainstream cryptocurrencies.
QCP Asia: Escalating geopolitical conflicts drag down the market, BTC falls 3%
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