Bitcoin drops 7% on global risks, stablecoin outflows rise; support at $101K critical - IcoHolder.

Over the past 72 hours, Bitcoin’s upward trajectory has stalled as mounting geopolitical tensions triggered a surge in bearish sentiment. The cryptocurrency has declined by 7%, falling short of breaking its previous all-time high near $112,000.

This correction was further exacerbated by a wave of liquidated leveraged long positions, weighing heavily on both Bitcoin and several altcoins. Market participants are increasingly shifting to a risk-off stance.

Investor Anxiety Mounts as Global Risks Intensify

The downturn has been largely driven by escalating global instability. Former U.S. President Donald Trump’s proposed unilateral tariffs, expected to be implemented within two weeks, have unsettled global markets. Simultaneously, geopolitical tensions between Israel and Iran flared after a surprise Israeli military strike early Friday, June 13.

The strike sent shockwaves through international financial systems, sparking broad sell-offs across risk assets. As a high-volatility instrument, Bitcoin was among the first to face liquidation as traders moved to preserve capital.

Divergence Between Bitcoin Price and Binance Open Interest Signals Caution

On-chain data from CryptoQuant highlights a growing disconnect between Bitcoin’s price and Binance’s Open Interest (OI). As Bitcoin climbed toward the $110,000 mark—levels last seen in late May—Binance OI failed to keep pace, indicating waning interest in futures trading.

This divergence reflects investor hesitation and a broader risk-averse sentiment. Despite price momentum, the appetite for leveraged exposure appears to be diminishing amid macro uncertainty.

Stablecoin Withdrawals Suggest Defensive Positioning

Further signs of market caution come from derivative exchanges, which have seen stablecoin withdrawals exceeding $750 million—mirroring similar capital movement observed on May 29, 2025.

Such large-scale outflows typically indicate either portfolio reallocation or risk-off behavior. When they occur near market highs, they often signal hedging activity or preparations for potential corrections.

Outlook: A Critical Moment for Bitcoin

Bitcoin currently hovers just above the psychologically significant $110,000 level. However, the recent 7% decline, lack of confirmation from Binance OI, and substantial stablecoin outflows point to rising short-term vulnerability.

Should the $101,000 support zone break, Bitcoin could retreat further toward the $96,000 range. In this climate, market participants are strongly advised to conduct their own research (DYOR) and avoid emotionally driven decisions rooted in FOMO.