$1.2B Crypto Liquidation as Israel-Iran Conflict Roils Markets

The global crypto market tanked on Friday, June 13 as Middle East tensions escalated and investors panicked.

Written by: Arslan Butt • Friday, June 13, 2025 • 2 min read

• Last updated: Friday, June 13, 2025

Quick overview

The global crypto market experienced a significant drop of over $230 billion due to escalating tensions in the Middle East, particularly following Israel's attack on Iran.
Bitcoin fell 5% to $103,464, while Ethereum dropped 10% to $2,471, with other altcoins also seeing substantial losses.
Crypto liquidations surged by 125% to $1.2 billion, indicating a fragile investor sentiment amidst geopolitical uncertainty.
As traditional markets also declined, safe havens like gold and crude oil saw increased demand from investors seeking stability.

The global crypto market tanked on Friday, June 13 as Middle East tensions escalated and investors panicked. After Israel’s big attack on Iran, digital assets lost over $230 billion in 24 hours. The total crypto market cap fell 7% to $3.3 trillion according to CoinMarketCap.

Bitcoin (BTC) dropped 5% to $103,464, Ethereum (ETH) 10% to $2,471. Other top alts followed—Solana (SOL) 11%, XRP 6%, BNB 4%.

The Israeli air raid reportedly hit Iran’s uranium enrichment facilities in Natanz, missile production sites and key command centers in Tehran including the IRGC headquarters. Iranian state media confirmed the death of General Hossein Salami and multiple civilian casualties. The operation is called “Rising Lion” and is a big escalation.

Crypto Metrics Show Oversold

CoinGlass data shows daily crypto liquidations up 125% to $1.2 billion. Open interest in futures down 10% to $142 billion. RSI at 28. Clearly oversold.

Despite the big sell off the Crypto Fear & Greed Index is still in the “Greed” zone at 61, down 10 points from yesterday—showing how fast sentiment is shifting as things get more uncertain.

Numbers:

$1.2B in liquidations (CoinGlass)
9.7% drop in open interest
RSI at 28
Fear & Greed Index: 61 (down from 71)

These numbers show how fragile investor sentiment is with all this geopolitical uncertainty.

Global Markets React as Safe Havens Rise

The crypto crash coincided with big drops in traditional markets. US stock futures down 1.5%, European indexes opened in the red. But safe havens rose as investors sought shelter from war.

Gold up 0.75% to $3,428/oz
10-year US Treasury yields down to 4.32%
Crude oil up 10% to $74/barrel (Market Watch)US officials said they were not involved in the attack. Secretary of State Marco Rubio said they would protect American assets in the region. Iran is promising a “harsh response” so this could get ugly.

Bottom line: Middle East is on edge, crypto and equities may be volatile. Gold, Treasuries and oil could see more inflows if this gets worse.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.