Israeli airstrikes targeting Iran's nuclear facilities on June 13, 2025 triggered a global flight from risk assets, with cryptocurrencies suffering significant losses despite bitcoin's perceived haven status. According to CoinDesk market data, the CoinDesk 20 Index plunged 6.04% within 24 hours as bitcoin dropped 2.42% to $104,889 while traditional havens surged—gold futures rose 1.25% to $3,445 per ounce and Brent crude oil spiked 14% intraday. The attack occurred hours after the International Atomic Energy Agency reported Iranian uranium enrichment violations, escalating Middle East tensions. Global equity markets reacted negatively: Japan's Nikkei fell 0.89%, Euro Stoxx 50 dropped 1.37%, and U.S. index futures slid 1.16% as reported by major financial data terminals. This sell-off erased crypto gains from earlier Solana ETF optimism, with SOL plummeting 9.5% despite Bloomberg analysts maintaining a 90% approval probability by year-end. Polymarket data indicates traders now price a 91% chance of Iranian retaliation this month, elevating regional conflict risks. The crisis overshadowed positive ETF flows—Farside Investors confirmed $86.3 million daily bitcoin ETF inflows and $112.3 million for ether ETFs, bringing month-to-date totals to $939 million and $811 million respectively. Upcoming market catalysts include Brazil's B3 exchange launching SOL and ETH futures on June 16 and over $100 million in token unlocks for STRK, ARB and ZK between June 15-17. The U.S. Senate's June 17 vote on the GENIUS Stablecoin Act adds regulatory uncertainty amid the geopolitical storm. Trading implications emerge from the divergence between crypto and traditional havens. Bitcoin's 2.9% decline versus gold's 1.3% gain challenges its haven narrative during acute geopolitical crises, revealing stronger correlation with risk assets than previously assumed. Cross-market analysis shows oil's 6% surge presents hedging opportunities—energy-intensive proof-of-work miners like Marathon Digital saw shares fall 3.24% as oil prices threatened operational costs. Institutional behavior suggests tactical reallocations: while spot ETF inflows continued, derivatives markets saw $5.7 billion in open interest evaporate overnight according to Velo data, with Binance alone shedding $2.5 billion in positions. Put/call ratios spiked to 1.28 for BTC and 1.25 for ETH on Deribit, indicating accelerated demand for downside protection. Funding rates turned deeply negative across altcoins—DOT at -15.2% and SHIB at -44.5%—while Coinglass reported $1.16 billion in liquidations, 90% from long positions. Crypto equities underperformed: Coinbase fell 3.84% and mining stocks like Riot Platforms dropped 3.22%, reflecting leveraged exposure to crypto volatility. Monitoring Iranian response timelines becomes critical—any Strait of Hormuz disruption could amplify oil-crypto correlations, creating pairs trading opportunities between energy commodities and mining stocks. Technical indicators reveal critical support thresholds. Bitcoin tested its 50-day simple moving average at $103,150 during the sell-off according to CoinDesk technical analysis, with liquidation heatmaps showing $84 million in long positions clustered between $102K-$104K. Ether breached key support at $2,480—the 200-day exponential moving average that held since May—before recovering to $2,523. Volume analysis shows derivatives reset was extreme: total open interest collapsed from June 12's $55 billion peak to $49.31 billion, unwinding weeks of accumulation. The options skew shift toward puts suggests institutional hedging against further escalation. On-chain metrics show resilience—BTC dominance rose 0.70% to 64.77% as capital rotated from alts to bitcoin. ETH/BTC ratio fell 3.52% to 0.02412, reflecting ether's relative weakness. Hashprice held at $52.43 despite volatility, indicating miner economics remain viable. Correlation coefficients spiked: Brent crude's 14% surge inversely tracked bitcoin's decline with -0.87 correlation over 24 hours per Bloomberg data. Gold's outperformance created a 0.93 correlation divergence from crypto. For traders, monitoring ETH's daily close relative to its $2,480 support and BTC's 50-day SMA offers tactical entry signals. Elevated put/call ratios suggest volatility arbitrage opportunities, while negative altcoin funding enables cost-efficient hedging. The $103K-$104K liquidation zone remains a critical downside magnet.