🗓️ Let’s rewind the chaos…
1. 🇺🇸 U.S. Airstrikes on Iran (June 21)
So yeah, actual bombs dropped. Former President Trump confirmed that U.S. fighter jets hit three Iranian nuclear sites Fordow, Natanz, and Isfahan. No casualties (so they say), but that geopolitical tremor was enough to send BTC from $103K down toward $100K real fast. Traders panicked. Risk-off sentiment exploded. Oil prices spiked. And crypto? Straight-up got nervous. Can you blame it?
> BTC dipped nearly 4% that day alone. Yikes.\\
> 📰 Source: \[Reuters, WSJ, MarketWatch\]
2. 💣 Massive Liquidations - $595M Wiped (June 21–22)
When Bitcoin starts falling like that, it doesn’t just stumble it slides through people’s stop-losses and long positions like butter. Between Saturday and Sunday, over $595 million in leveraged positions were liquidated. And that’s just from centralized exchanges like Binance, OKX, and Bybit.
Longs cried. Shorts cheered. The rest of us just watched with popcorn and sweaty palms. 🍿
3. 🏛️ U.S. Senate Passes the “GENIUS Act” (June 20)
On the bright side, actual regulation happened! The U.S. Senate passed the GENIUS Act, a bipartisan stablecoin bill. This could be the biggest thing for crypto legislation since the invention of acronyms.
Key takeaways:
- All stablecoins must be backed 1:1.
It’s not directly about Bitcoin, but confidence matters. Big time.
4. 📉 BTC Falls Below $99K… Again (June 22)
If you've been around this space for a while, you've seen it before: Bitcoin creeping up toward $106K, then whoops, a sharp drop below $99,000. The floor just vanished.
This time, it was the perfect storm of:
5. 🐳 Whales Accumulate While Retail Panics (June 21)
While everyone was doomscrolling their portfolios, the whales were… buying.
Glassnode data showed a 12% rise in BTC wallet inflows, a classic sign that the big players were buying the dip. It’s like that rich friend who calmly buys more Apple stock while you’re rage-deleting Robinhood.
Smart money’s still interested. They always are when everyone else is scared.
6. 🧊 Altcoins Freeze – Ethereum & SOL Get Smacked
While Bitcoin only dropped about 4%, ETH fell 8.5% to $2,199, and Solana took an even bigger hit. Riskier assets always bleed more, and the altcoin market just got caught holding the bag.
Basically, it was “save yourself” mode across the board.
7. 🧾 ETF Flows Go Negative (June 22)
For months, spot Bitcoin ETFs were helping support prices. But on June 22, they finally buckled a bit. BlackRock’s IBIT saw outflows for the first time in weeks.
Nothing catastrophic, we’re talking a few hundred million. But the sentiment shift? That was real. And when ETFs aren't gobbling up BTC, that safety net starts to disappear.
🧠 So What Now?
We’ve got:
Volatility isn’t going anywhere, but the fundamentals? They’re weirdly bullish underneath all this noise. If this market had a personality, it would be manic... with a coffee addiction.
