According to CryptoMichNL, Israeli airstrikes on Iran triggered a crypto market sell-off, with the CoinDesk 20 Index falling 6.1% and bitcoin (BTC) declining 2.9% over 24 hours, as reported by CoinDesk. Solana (SOL) dropped nearly 9.5% despite earlier gains from SEC ETF speculation updates, per Wintermute trader Jake Ostrovskis via CoinDesk. Spot crypto ETFs saw inflows, with BTC funds adding $939 million and ETH funds $811 million month-to-date, according to CoinDesk. Derivatives data indicated a drop in open interest to $49.31 billion and rising put/call ratios for BTC and ETH, signaling increased demand for downside protection, as per Velo and Deribit data. Total liquidations hit $1.16 billion, with 90% from long positions, based on CoinGlass figures, amid heightened geopolitical risks and a 91% chance of Iranian retaliation per Polymarket traders.

According to CoinDesk, Bitcoin (BTC) dropped 2.9% as Israeli airstrikes on Iran sparked a broad market sell-off, with the CoinDesk 20 Index falling 6.1% amid heightened geopolitical risks. Despite spot BTC ETFs seeing $86.3 million in net inflows and ETH ETFs $112.3 million, derivatives data from Velo showed open interest plunging to $49.31 billion, while Deribit reported increased put/call ratios indicating rising demand for downside protection.

According to Francisco Rodrigues, bitcoin (BTC) declined 2.9% amid Israeli airstrikes on Iran, causing a 6.1% drop in a broad crypto market index. Jake Ostrovskis noted that Solana (SOL) fell nearly 9.5% despite earlier gains from SEC ETF filing updates, with Bloomberg analysts Eric Balchunas and James Seyffart forecasting a 90% chance of Solana ETF approval by year-end. Derivatives data showed increased demand for downside protection, with BTC put/call ratio at 1.28 and total liquidations hitting $1.16 billion, according to Coinglass.

According to IntoTheBlock, they have released a video tutorial to help traders analyze derivatives data. This resource can be valuable for those looking to understand market trends and make informed trading decisions.