Bitcoin (BTC) fell to around $62,500 on June 9 to 10, and the Crypto Fear and Greed Index dropped to 10 (extreme fear). On Tuesday, the U.S. Central Command carried out a retaliatory strike against Iran after a U.S. military AH-64 Apache helicopter was shot down near the Strait of Hormuz. CoinGlass data shows that in the past 24 hours, the total liquidation amount across the crypto derivatives market reached $664.86 million.
Confirmed Details of the U.S.-Iran Military Clash
On the evening of June 9, 2026 (Tuesday), CENTCOM posted a statement on the X platform confirming that the U.S. military carried out a “self-defense strike” against Iran in response to the helicopter shootdown near the Strait of Hormuz (off the coast of Oman) at 7:33 p.m. Eastern on June 9 (Monday). CENTCOM described the strike as a “proportionate response” to what it called Iran’s unjustified aggression. Trump confirmed on Truth Social that the two pilots were “safe and sound,” adding that “the United States must respond to this attack.” The two soldiers were rescued within about two hours by U.S. Middle East Naval Forces and the 82nd Airborne Division.
As of June 10, Iran’s official authorities have not yet formally acknowledged the helicopter shootdown. Iranian news agency Tasnim reported that Iran would respond to the U.S. military action, but did not provide a specific timetable.
Market Data: Liquidations, ETF Outflows, and On-Chain Metrics
CoinGlass’s confirmed 24-hour data as of June 10 is as follows:
Total liquidation amount: $664.86 million
Bitcoin liquidations: $124.22 million
Bitcoin open interest: down 0.25% to $45.13 billion
U.S. spot Bitcoin ETFs recorded cumulative net outflows of about $4.4 billion from May 15 to June 8. Glassnode data released on June 9 shows that more than 8 million Bitcoins are currently held at a loss. Bitcoin is currently around $62,500, down about 50% from its all-time high of $126,200 in October 2025.
Status of the U.S.-Iran Ceasefire Talks
In a public statement made the day before the helicopter incident, Trump confirmed that the U.S. and Iran were close to reaching a “very good deal.” The deal would prevent Iran from obtaining nuclear weapons and reopen the Strait of Hormuz, and he said it “may be signed in two to three days.” After CENTCOM’s strike action, neither side has released a new round of negotiation timetable or an official statement.
Frequently Asked Questions
What was the immediate background behind the U.S. military strike against Iran?
At 7:33 p.m. Eastern on Monday, June 9, 2026, a U.S. military AH-64 Apache helicopter crashed near the Oman coast close to the Strait of Hormuz. CENTCOM confirmed in the evening of Tuesday, June 9 that it subsequently launched a retaliatory strike against Iran, and confirmed that both pilots had been safely rescued.
How large was the outflow from U.S. spot Bitcoin ETFs?
According to data cited by Finance Feeds, U.S. spot Bitcoin ETFs recorded cumulative net outflows of about $4.4 billion from May 15, 2026 to June 8, 2026, indicating that institutional risk appetite toward Bitcoin continued to decline during that period.
What does a Crypto Fear and Greed Index reading of 10 mean?
The Crypto Fear and Greed Index calculates overall volatility, momentum, trading volume, and social signals, with scores ranging from 0 to 100. The June 10 reading is 10, categorized as “extreme fear”; the prior day’s reading was 8; and the reading one month ago was 47 (neutral). This time, two consecutive days in the single digits makes it one of the longest stretches of extreme fear since the FTX collapse.
