Bitcoin’s price experienced a sharp drop in the past 24 hours, briefly dipping to $103,162 after Israel launched targeted airstrikes on Iran’s nuclear and ballistic missile facilities. The escalating conflict triggered a classic “risk-off” move across global markets, with investors seeking safety in traditional assets like gold and oil.
However, unlike previous risk-off episodes, Bitcoin’s underlying fundamentals showed renewed strength beneath the surface.
Prime Minister Netanyahu:
\"Moments ago, Israel launched Operation Rising Lion, a targeted military operation to roll back the Iranian threat to Israel\'s very survival.This operation will continue for as many days as it takes to remove this threat.\" pic.twitter.com/3c8oF1GCYa
— Prime Minister of Israel (@IsraeliPM) June 13, 2025
On-Chain Data Reveals Massive Bitcoin Accumulation
According to on-chain analytics from CryptoQuant and Alphractal, accumulation wallets have absorbed more than 30,754 BTC (valued at $3.3 billion) in recent days. These wallets, many of which have an average buy-in price of $64,000, continued stacking aggressively even above $109,000, suggesting investors’ confidence.
Currently, more than 2.91 million BTC are parked in these accumulation addresses, with over 881,000 BTC added in the past 30 days alone, a figure confirmed by CryptoQuant CEO Ki Young Ju.
#Bitcoin long-term holders added 881,578 BTC over the past 30 days. pic.twitter.com/0503O8acpm
— Ki Young Ju (@ki_young_ju) June 13, 2025
This disciplined buying comes amid increased geopolitical tensions and a decline in the Fear & Greed Index to 54, reflecting a market shift from euphoria to caution. Yet accumulation behavior remains largely unchanged.
Related: Bitcoin ($BTC) Price Prediction for June 14, 2025: Bulls Lose $106K as Key Trendline Fails Amid Wider Selloff
Bitcoin Continues Its Exodus from Exchanges
Adding to the bullish backdrop, Alphractal’s analysis highlights a longer-term trend: more than 3.77 million BTC (worth nearly $219 billion) have been withdrawn from centralized exchanges over the past five years.
The exodus points to a maturing investor base focused on self-custody and long-term value preservation. The diminishing liquid supply on exchanges, a historic precursor to price breakouts, may help absorb future selling pressure and tighten available inventory.
Related: Massive $230M in Insider Unlocks Set to Shake Crypto Markets (June 16–22, 2025)
Meanwhile, traditional markets remain under pressure. The Euro Stoxx 50 fell 1.4%, and US index futures traded lower across the board. Conversely, gold surged to $3,436 per ounce, and crude oil spiked as much as 9%.
Bitcoin’s comparatively modest reaction suggests that while it remains sensitive to global headlines, it’s increasingly behaving like a strategic hedge, not just a speculative asset.
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