TechFlow news, June 13 — QCP released a briefing stating that Israel's preemptive strike on Iran's nuclear facilities reportedly resulted in the death of Iranian Revolutionary Guard commander Salami, triggering a surge in global market risk aversion. BTC fell approximately 3%, ETH dropped more significantly by around 9%, and crude oil prices surged as high as 11%.
Market volatility spiked sharply, with BTC front-end put option premiums reaching as high as five volatility points, indicating surging demand for downside protection. S&P 500 futures broke below the psychological 6000 level, while a widespread internet outage intensified market concerns, with Cloudflare and Google Cloud service disruptions affecting multiple tech companies.
Today marks a significant crypto options expiry, with 28,000 BTC options and 244,000 ETH options expiring, representing notional values of $2.93 billion and $620 million respectively. Market volatility triggered over $1 billion in long liquidations, yet BTC showed relative resilience, reflecting persistent institutional demand.
DeFi Development Corp announced a $5 billion equity financing to acquire $SOL, demonstrating that institutional confidence in mainstream crypto assets remains strong. Markets are now focused on Tehran's response, as geopolitical risks will dominate near-term market direction.
