Bitcoin prices have fallen sharply in the last 24 hours, falling briefly to $103,162 after Israel launched targeted airstrikes at Iran’s nuclear and ballistic missile facilities. The escalating conflict has sparked a classic “risk-off” movement across the global market in sought for the safety of traditional assets such as gold and oil.
However, unlike previous risk-off episodes, the underlying foundations of Bitcoin have shown new strengths beneath the surface.
Prime Minister Netanyahu:
“Some time ago, Israel launched Operation Raisinglion, a targeted military operation to roll back Iran’s threat to Israel’s very survival.This operation lasts for a number of days as necessary to remove this threat. pic.twitter.com/3c8of1gcya
– June 13th, 2025, Israeli Prime Minister (@israelipm)
On-chain data reveals a massive accumulation of Bitcoin
According to on-chain analysis of Cryptoquant and Alphractal, the accumulation wallet has recently exceeded 30,754 BTC (worth $3.3 billion). These wallets are actively stacked above $109,000 with an average buy-in price of $64,000, suggesting investor trust.
Currently, these accumulation addresses have more than 2.91 million BTCs parked, with over 881,000 additional BTCs added in the last 30 days alone, confirmed by Cryptoquant CEO Ki Young JU.
Long-term #bitcoin holders added 881,578 BTC over the past 30 days. pic.twitter.com/0503o8acpm
– Young June 13th, 2025, June 13th,
This disciplined purchase reflects a market change from happiness to attention amid increasing geopolitical tensions and a decline in indicators of fear and greed for 54. However, accumulation behavior remains largely unchanged.
Related: Bitcoin ($BTC) Price Prediction June 14, 2025: The Bulls lose $106k as key trendline fails to sell more broadly
Bitcoin continues to leave the country from exchanges
In addition to the bullish background, Alphractal’s analysis highlights long-term trends. Over the past five years, 3.77 million BTC (valued at nearly $219 billion) has been withdrawn from centralized exchanges.
Exodus refers to a mature investor base focused on independence and the preservation of long-term value. A decline in liquid supply in exchanges, the predecessor of historic price breakouts, could help absorb future sales pressures and tighten available inventory.
Related: Insider’s Large $230 Million Unlock Set Set Set Crypto Markets (June 16-22, 2025)
Meanwhile, traditional markets are under pressure. The Euro Stoxx 50 fell 1.4%, with US index futures trading overall low. Conversely, gold surged to $3,436 per ounce, while crude oil surged by 9%.
Bitcoin’s relatively modest response suggests that while still being sensitive to global headlines, it behaves like a strategic hedge, not just speculative assets.
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