Bitcoin Withdrawal Coincides with US-Israeli Strikes on Iran, Raises Concerns

A sudden and substantial withdrawal of Bitcoin from major exchanges has raised concerns about the integrity of the cryptocurrency market. According to Arkham Intelligence data, over $5 billion in Bitcoin was withdrawn from exchange wallets in a mere 30 minutes on Saturday, as the US and Israel launched joint strikes on Iran.

The event bears striking similarities to two previous instances, where large amounts of Bitcoin were withdrawn within a similar timeframe. On October 10, 2025, $19 billion in leveraged longs was wiped out in 90 minutes, coinciding with President Trump's announcement of 100% tariffs on China. Two weeks ago, another $2.5 billion in BTC was sold within 30 minutes, traced to Binance, Coinbase, and Wintermute wallets.

The latest withdrawal has resulted in significant losses, with over 154,000 traders being liquidated and total losses reaching $522 million in 24 hours. Bitcoin's price has fallen 49% below its October 2025 all-time high of $126,000, and the Crypto Fear & Greed Index is at a low 14. The key support level sits at $63,100, with a break below potentially leading to $60,000.