What does #البتكوين have to do with the war between Iran and Israel?

With the decline of $BTC and digital currencies, liquidation operations begin for many of the wallets of digital currency bulls, and with the fall of #bitcoin below $65,214, a decline of 7% weekly, the liquidation and fall operations began to multiply and cause a violent, wide-ranging decline that reached major and minor currencies, where currencies such as $SOL and #Dogecoin‬⁩ fell. By more than 18% and 19%, respectively.

According to Coinglass data, approximately $775.40 million were liquidated from long positions in derivative markets yesterday. Short positions were not spared either, with about $89.89 million liquidated. Many traders and analysts believe that the decline was expected, as the market is always exposed to sharp declines before the halving, as bulls adjust their positions and new players enter the market to buy these declines, and if conflicts develop between Iran and Israel, the idea that Bitcoin and other digital currencies provide a refuge will be tested. In times of conflict, this is a view expressed by many proponents of the asset class. When Russia occupied Ukraine at the beginning of 2022, cryptocurrencies were at the beginning of a market collapse that lasted until the end of that year.

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