JAKARTA - Bitcoin is dropping below $105,000 amid heated geopolitical tensions and massive liquidation in the derivative and spot markets, thus providing widespread negative pressure on the crypto market.

The decline comes as Israeli attacks on Iran are at the center of attention, prompting investors to prefer to seek safer instruments and stay away from risks.

Based on Coinclass data, liquidation reached 1.148 million US dollars, when this news was written. Bitcoin trading volume also reached 369 billion US dollars, while the total crypto market capitalization fell 3.38 percent.

Ethereum (ETH) is down 9.5 percent, XRP is down 5.71 percent, and Solana (SOL) is down 10.16%. The decline gave a more careful signal to the market, especially when the current movement looks similar to what happened in January 2025.

INDODAX Vice President, Antony Kusuma, said that oni's thing is indeed a normal and healthy process in the midst of the ongoing uptrend.

"Investors are in the process of taking reposition, while waiting for a more mature momentum to go further," said Antony, in his statement, Friday, June 13.

Antony also sees that the current mass liquidation process is not a negative signal to fear, but rather a leverage cleaning that is needed to maintain market stability.

"This is like a detoxification process. The market is cleaning a position that is considered overleaved so that later the movement will be healthier and more mature when there is a rebound," he said.

Antony emphasized that investors who are able to maintain a long-term vision and are able to make purchases when there is panic can actually get greater opportunities.

"Uncertainty is always a challenge, but also an opportunity, if we are able to learn and maintain a mature mentality when there is turmoil in the market," said Antony more widely.

The liquidation process also occurs in line with the widespread adoption process and improvements to the technological aspects that are currently happening in the crypto ecosystem.

In addition to the pressure from liquidation and similar movement patterns, Bitcoin is also being squeezed by macroeconomic conditions, namely the Fed's reduced interest rate reduction opportunity. The FedWatch tool notes that the probability for a decline in interest rates at FOMC 18 June 2025 reached 0%. Investors are laying a greater probability (99.8%) that the Fed will hold back interest rates at the meeting.

In addition to the Fed and inflation, investors are also looking at the release of US Producer Price Index (PPI) data on June 12, 2025. The US consumer price index (CPI) was recorded at 2.4 percent. The release of the PPI data also has the potential to increase negative pressure on the movement of Bitcoin.

Antony also appealed to investors to learn more independently, do research, and understand the instruments they purchased, not just based on rumors or movements for a moment.

"This is the time to do due diligence, look for opportunities that are in accordance with each other's vision and risk tolerance, so that they can achieve more mature and maximum investment goals," he said.

Trustworthy platforms are also important. INDODAX, said Antony, always maintains security and transparency in order to protect customer funds.

"We also continue to provide education and provide up-to-date information about market movements and blockchain technology, so that customers are more mature when making investment decisions," he added.

Antony also emphasized that the current decline is not a apocalypse, but an important process that must be passed before the next positive momentum arrives.

"This is a process that must be accompanied by patience, maturity, and long-term vision. By understanding what happened and learning from it, investors can be better prepared and superior in the midst of the challenges that are currently happening in the crypto market," concluded Antony.


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