BTCC Crypto Daily (June 13)｜Middle East Conflict Escalates, Crypto Market Plunges

Last updated:06/13/2025

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1.Overview

Israel launched airstrikes against Iran, driving up international gold prices and sharply increasing 24-hour trading volume in “gold tokens.”
30-year Treasury auction was solid; Trump once again urged the Fed to cut rates by 200 basis points.
The crypto market saw a sharp decline, with BTC falling below $103,000 and ETH below $2,400. Liquidations across the market exceeded $1.1 billion.
The SEC delayed approval decisions on Dogecoin, Hedera, and Avalanche spot ETFs.

2.Macro & Policy Outlook

Key Events Today

U.S. preliminary 1-year inflation expectation for June (previous: 6.60%)
Immutable (IMX) unlocks 24 million tokens, valued at approximately $15 million

Global Macro Developments

1.Israel Airstrikes Iran, Situation Escalates
On June 13, foreign media reported that Israeli air forces carried out airstrikes against Iran on Thursday, with explosions heard in Tehran; specific targets remain undisclosed. The strike was conducted without explicit U.S. support. Israeli Defense Minister Katz declared a nationwide state of special emergency. The Israeli military stated that the first phase of the operation had been completed, targeting dozens of military and nuclear-related sites inside Iran. The heightened Middle East tensions have attracted broad market attention.

2.Trump Again Urges Fed to Cut Rates by 200 Basis Points
On Thursday, President Trump intensified his pressure on the Fed regarding rate cuts, harshly criticizing Fed Chair Powell as a “moron.” Trump argued that a 200-basis-point rate cut could save $600 billion annually. He stated that inflation is falling, the Fed has no reason to delay, and while he has no immediate plans to remove Powell, he may “force” the Fed to act if necessary.

3.Trump to Attend National Security Council Meeting Today
According to a White House announcement, President Trump will attend a National Security Council meeting at 11:00 a.m. ET on June 13.

4.U.S. Initial Jobless Claims Exceed Expectations; Continuing Claims Hit New High
On June 12, the U.S. Department of Labor reported that initial jobless claims for the week ending June 7 rose to 248,000, higher than the expected 242,000 and the highest since October 2024. Continuing claims reached the highest level since late 2021, indicating increasing pressure on the U.S. labor market and rising difficulty for job seekers to find new employment.

5.SEC Delays Approval for Dogecoin, Hedera, and Avalanche Spot ETFs
On June 13, The Block reported that the SEC postponed decisions on several crypto ETF applications, including Bitwise’s Dogecoin ETF, Grayscale’s Hedera Trust, and VanEck’s Avalanche ETF. The SEC stated that the delays do not indicate any conclusion on the issues but are intended to allow more time for public feedback

6.30-Year Treasury Auction Shows Strong Overseas Demand
On Thursday, the U.S. Treasury successfully completed a $22 billion auction of 30-year bonds with strong demand, particularly from overseas buyers. The high yield was 4.844%, the highest since January this year, but lower than the pre-auction yield of 4.859%, with no significant tail spread. Compared to last month’s 2.6-basis-point tail, this auction marked the second-strongest performance since November last year.

7.SEC Officially Withdraws Expanded Custody Rule Proposal
The SEC officially withdrew its proposed expansion of the Custody Rule and Rule 3b-16. The Custody Rule would have broadened the definition of custody to cover all client assets (including crypto) and limited state-chartered institutions from qualifying as custodians. Rule 3b-16 sought to bring DeFi platforms under national securities exchange regulation. The SEC also withdrew proposals to strengthen ESG disclosure requirements for listed companies.

Traditional Asset Correlations

The Dow Jones rose 0.24%, the S&P 500 gained 0.35%, and the Nasdaq rose 0.24%. Europe’s STOXX 600 fell 0.33%. Spot gold continued to rise, currently trading at $3,432/oz, up 1.35% on the day.

3.Crypto Market Snapshot

1. Spot Performance of Major Cryptocurrencies

(as of 11:00 HKT, June 13, 2025)

2. Derivatives Capital Flow Analysis

According to Coinglass data, in the past 24 hours, BTC, ETH, SOL, XRP, DOGE, SUI, and ADA saw leading net outflows in contract trading, potentially indicating trading opportunities.

3. Bitcoin Liquidation Map

As of June 13, based on Coinglass data, Bitcoin was trading at $103,974:

If BTC falls below $102,000, cumulative long liquidations across major CEXs may reach $545 million.
If BTC breaks above $106,000, cumulative short liquidations may total $1 billion.

Leverage should be managed carefully to avoid large-scale liquidations triggered by market fluctuations.

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4. Bitcoin Long/Short Ratio

As of 11:00 HKT on June 13, Bitcoin’s global long/short ratio stood at 1.6364, with 62.07% long positions and 37.93% short positions.
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5. Total Liquidations

According to Coinglass data, crypto market liquidations totaled $1.164 billion over the past 24 hours, involving over 250,000 traders. Long liquidations accounted for $1.073 billion, while short liquidations reached $90.45 million.

4.Blockchain Headlines

U.S. Senate scheduled to hold a final vote on the GENIUS stablecoin bill on June 17.
Amid global tensions, 24-hour trading volume for “gold tokens” exceeded $410 million.
Ethereum spot ETFs saw $112 million in net inflows yesterday, marking 19 consecutive days of inflows.
Current funding rates on major CEXs and DEXs indicate a bearish market sentiment.
BlackRock incorporates crypto assets into its 2030 strategic vision.
SEC officially withdraws expanded Custody Rule and Rule 3b-16 regulating DeFi.
SEC and Ripple requested court approval for a $125 million penalty settlement, aiming to end years-long litigation.
SEC delays decisions on Dogecoin, Hedera, and Avalanche spot ETF applications.
Coinbase launches Amex-backed credit card offering up to 4% BTC rewards.
Within one hour of Israel’s airstrike on Iran, crypto liquidations exceeded $382 million.

5.Institutional Insights · Daily Picks

Greeks.Live: Bitcoin faced strong resistance after breaking above $110,000; short positions are betting on a sharp pullback.
CryptoQuant: BTC may undergo a short-term correction or consolidate below $108,000.
Galaxy: If Bitcoin maintains its current growth trend, it could reach $1 million.
Glassnode: Ethereum options data suggests bullish sentiment will continue.

6.BTCC Exclusive Market Analysis

The crypto market experienced a sharp pullback driven by escalating Middle East tensions following Israel’s airstrike on Iran, leading to increased safe-haven flows into gold. Meanwhile, the 30-year U.S. Treasury auction remained solid, and Trump again pushed for aggressive Fed rate cuts, placing additional pressure on risk sentiment amid multiple macro headwinds.

On the morning of June 13, Bitcoin briefly fell below $103,000 and is now trading near $104,000. ETH dropped to $2,400, and total crypto market liquidations exceeded $1.1 billion within 24 hours.

Technically, BTC has broken below short-term moving average support, with RSI dropping near 47 and MACD continuing to expand its bearish crossover. The short-term outlook favors a weak consolidation phase. Downside support lies near $101,600, while upside resistance is around $106,000.

Risk Disclaimer: The above content is for informational purposes only and does not constitute any investment advice or trading recommendation. The market involves risks; investors should exercise caution and implement proper risk control.

How to Trade Crypto on BTCC?

This brief instruction will assist you in registering for and trading on the BTCC exchange.

Step 1: Register an account

The first step is to hit the “Sign Up” button on the BTCC website or app. Your email address and a strong password are all you need. After completing that, look for a verification email in your inbox. To activate your account, click the link in the email.

Create an Account

Step 2: Finish the KYC

The Know Your Customer (KYC) procedure is the next step after your account is operational. The main goal of this stage is to maintain compliance and security. You must upload identification, such as a passport or driver’s license. You’ll receive a confirmation email as soon as your documents are validated, so don’t worry—it’s a quick process.

Complete KYC

Step 3. Deposit Funds

After that, adding money to your account is simple. BTCC provides a range of payment options, such as credit cards and bank transfers. To get your money into your trading account, simply choose what works best for you, enter the amount, and then follow the instructions.

Fiat Deposit. Buy USDT using Visa/Mastercard (KYC required).
Crypto Deposit. Transfer crypto from another platform or wallet.

Deposit Funds

Step 4. Start Trading

If you wish to follow profitable traders, you might go for copy trading, futures, or spot trading. After choosing your order type and the cryptocurrency you wish to trade, press the buy or sell button. Managing your portfolio and keeping track of your trades is made simple by the user-friendly interface.

Start Trading

Look more for details: How to Trade Crypto Futures Contracts on BTCC

BTCC FAQs

Is BTCC safe?

Based on its track record since 2011, BTCC has established itself as a secure cryptocurrency exchange. There have been no reports of fraudulent activity involving user accounts or the platform’s infrastructure. By enforcing mandatory know-your-customer (KYC) and anti-money laundering (AML) procedures, the cryptocurrency trading platform gives consumers greater security. For operations like withdrawals, it also provides extra security features like two-factor authentication (2FA).

Is KYC Necessary for BTCC?

Indeed. Before using BTCC goods, users must finish the Know Your Customer (KYC) process. A facial recognition scan and legitimate identification documents must be submitted for this process. Usually, it is finished in a few minutes. This procedure has the benefit of strengthening the security of the exchange and satisfying legal requirements.

Because their accounts will have a lower daily withdrawal limit, those who do not finish their KYC are unable to make deposits. It should be noted that those who present a legitimate ID without a facial recognition scan will likewise have restricted withdrawal options.

Is There a Mobile App for BTCC?

Indeed. For users of iOS and Android, BTCC has a mobile app. The exchange’s website offers the mobile app for download. Since both the web version and the mobile app have the same features and capabilities, they are comparable.

Will I Have to Pay BTCC Trading Fees?

Indeed. BTCC levies a fee for trade, just like a lot of other centralised exchanges. Each user’s VIP level, which is unlocked according to their available money, determines the different costs. The BTCC website provides information on the charge rates.

Can I Access BTCC From the U.S?

You can, indeed. According to its website, BTCC has obtained a crypto license from the US Financial Crimes Enforcement Network (FinCEN), which enables the cryptocurrency exchange to provide its services to investors who are headquartered in the US.

According to BTCC’s User Agreement document, its goods are not allowed to be used in nations and organisations that have been sanctioned by the United States or other nations where it has a licence.

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BTCC Crypto Daily (June 13)

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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