Binance Sees $200M Liquidation as Bitcoin Holds Strong Above $105K Amid Geopolitical Tensions

Despite escalating geopolitical tensions between Israel and Iran, Bitcoin has demonstrated remarkable resilience, maintaining its position above the $105,000 mark. Market sentiment has turned cautious, with BTC put options now priced higher than calls, indicating heightened trader hedging. The past week witnessed over $1 billion in long position liquidations, including a significant $200 million wipeout on Binance. However, robust institutional demand continues to provide a solid price floor, preventing more severe downturns. ethereum has mirrored this stability, showing similar resistance to market pressures. This dynamic underscores the growing maturity of cryptocurrencies as institutional interest counterbalances retail trader volatility, even during periods of global uncertainty.

Bitcoin Holds Steady Above $105K Amid Market Turbulence

Bitcoin maintains its position above $105,000 despite escalating geopolitical tensions between Israel and Iran. Traders are hedging their bets, with BTC put options now priced higher than calls—a clear signal of mounting caution. Over $1 billion in long positions have been liquidated, including a staggering $200 million wipeout on Binance. Yet, institutional demand continues to provide a floor for prices.

Ethereum mirrors this resilience, climbing 2% to $2,550 after finding support NEAR $2,510. Institutional inflows remain robust for both assets, underscoring their entrenched status in digital asset portfolios.

Glassnode data reveals Bitcoin’s current bull cycle gain of 656%, modest compared to past cycles but remarkable given its expanded market cap. The metric suggests sustained demand, even as prices linger below the all-time high of $112,000. Michael Saylor’s advisory role in Pakistan’s crypto policy has injected optimism, counterbalancing near-term volatility fears.

Binance Expands Trading Options with New USDC Pairs and Algo Services

Binance, the leading cryptocurrency exchange, is set to introduce new USDC trading pairs and algorithmic trading services for FLUX, MASK, and SUSHI on June 17, 2025. The move aims to diversify trading options and provide advanced tools for users navigating the spot market.

Trading for FLUX/USDC, MASK/USDC, and SUSHI/USDC pairs will go live at 11:00 AM Turkish Time. The dollar-pegged USDC offers traders a stable alternative for managing volatility while maintaining exposure to specific assets. Market observers view this as part of Binance''s broader strategy to cater to evolving demand and enhance platform liquidity.

Simultaneously, Binance will activate its Spot ALGO Orders service for these pairs, enabling automated trading strategies. The integration of algorithmic tools reflects the exchange''s commitment to institutional-grade infrastructure for retail and professional traders alike.

AAVE and UNI Prices Surge Following Binance''s Perpetual Contracts Launch

Binance, the world''s largest cryptocurrency exchange, has introduced USD-margined perpetual contracts for AAVE and Uniswap (UNI), paired with USDC. The new derivatives products offer up to 75x leverage, with trading commencing at 8:30 UTC for AAVEUSDC and 8:45 UTC for UNIUSDC. Multi-asset margin support allows traders to use Bitcoin and other cryptocurrencies as collateral.

AAVE''s price rallied 6% in 24 hours to $286, while UNI mirrored the upward momentum. Trading volume for AAVE spiked 29%, signaling renewed market interest. Analyst Livercoin noted AAVE''s resilience during recent market turbulence, calling its pullback a buying opportunity when most altcoins were plunging.

Polyhedra Network''s ZKJ Token Plummets 91% Amid Liquidity Crisis

Polyhedra Network''s ZKJ token suffered a catastrophic 91% collapse, plunging from $2 to $0.33 within 24 hours. The crash erased nearly $500 million in market value as abnormal on-chain transactions triggered a liquidity crisis.

The turmoil began when large holders abruptly drained the ZKJ/KOGE trading pair, forcing capital flight to overloaded ZKJ/USDT pools. KOGE, a Binance ecosystem governance token, mirrored the collapse—tumbling from $62 to $24 as shared liquidity pools amplified the contagion.

Binance''s preemptive MOVE to exclude Alpha token trades from its rewards program starting June 17 now appears prescient. Market nerves fray further with 15.5 million ZKJ tokens scheduled for unlocking on June 19, potentially unleashing fresh selling pressure.

Polyhedra maintains its technology fundamentals remain robust, but the episode underscores the fragility of interconnected DeFi liquidity systems. "We''re continuing to build as planned," the team tweeted, even as traders grapple with the wreckage.

Cloud Mining Platforms Gain Traction as Passive Income Strategy in Crypto

Cryptocurrency cloud mining is emerging as a preferred passive income strategy, with platforms like AIXA Miner leading the charge. The service allows investors to mine bitcoin and altcoins without the need for expensive hardware or technical expertise, democratizing access to crypto rewards.

Binance, IQ Mining, and VNBTC join AIXA Miner as trusted providers in this space. These platforms leverage remote data centers to handle the computational heavy lifting, offering users automated, optimized mining contracts with entry points as low as $100.

The model represents a significant evolution from traditional mining, eliminating equipment maintenance concerns while maintaining exposure to cryptocurrency''s upside potential. Most services provide diversified currency options beyond just Bitcoin, catering to varied investor preferences across the crypto ecosystem.

BNB Smart Chain Hits Record Activity Amid Mixed Price Performance

Binance Coin''s underlying blockchain network shows explosive growth despite the token''s recent price pullback. BNB Smart Chain processed 405 million transactions in June - a 243% monthly increase that positions it as the second-most active network behind Solana.

Genuine user adoption reached new heights with 1.7 million non-sybil accounts, while monthly active addresses surpassed 2 million. The network''s DEX volume eclipsed both Ethereum and Solana at $147 billion, demonstrating robust decentralized trading activity.

Futures markets reveal institutional confidence with 73% long positions, though BNB''s spot price remains 6.7% below yearly highs at $650. This divergence between network fundamentals and token valuation presents a compelling market narrative.