According to Francisco Rodrigues, Bitcoin declined by 2.9% to $104,889 amid Israeli airstrikes on Iran, causing a broad cryptocurrency market downturn with a key index falling 6.1% over 24 hours. Solana's SOL dropped nearly 9.5% despite earlier gains from SEC ETF speculation, as noted by Wintermute trader Jake Ostrovskis, who highlighted market underexposure to SOL. Polymarket data indicates a 91% chance of Iranian retaliation, heightening uncertainty, while derivatives open interest fell to $49.31 billion and put/call ratios rose, signaling increased demand for downside protection.