On June 22, the U.S. conducted airstrikes on three key nuclear facilities in Iran, leading President Donald Trump to declare their total destruction while warning of stronger responses to any Iranian retaliation. This escalation followed more than a week of intensifying conflicts between Israel and Iran, elevating tensions in the Middle East. Coinciding with this news, the word “Iran” surged on social media platforms, while the cryptocurrency market saw heightened fear, uncertainty, and doubt (FUD) among individual investors, though Bitcoin $109,094 prices began to rise.
U.S. Strikes Iran and the Cryptocurrency Market’s Reaction
The U.S. action against Iran generated global anxiety, prompting Representative Alexandria Ocasio-Cortez (D-NY) to call for a removal process against Trump’s leadership. Other officials argued this step was essential to curb Iran’s nuclear potential. Global leaders and analysts cautioned that Iran’s response would not be limited to military actions, anticipating possible cyberattacks, violence through proxy war groups, or interruptions in global oil supply routes.

Approximately 40,000 U.S. troops stationed in the region contribute to the risk of further tensions. Santiment data indicates that discussions about “Iran” made up 9.1% of all social media mentions, reaching unprecedented levels. Though Bitcoin prices dipped slightly when the strike occurred over the weekend, they surprisingly stabilized and regained footing. Nevertheless, crypto investors are considering the risks of a potential large-scale conflict, suggesting possible market volatility in the coming days.
Individual Investors Facing a Wave of FUD
The sentiment of individual investors in the crypto market often diverges from price movements. According to Santiment’s analysis, extreme pessimistic (FUD) social media remarks about downturns preceded Bitcoin’s price resurgence. For instance, when Bitcoin was at $98,200, its value rebounded following pervasive FUD. Conversely, when overly optimistic (FOMO) sentiments of “high” or “upward” expectations appeared around $110,000, they triggered downturns.

This pattern indicates a tendency of the market to move contrary to the majority’s expectations. The data tracks the volume of keywords like “downturn” and “upturn” in cryptocurrency-related social media discussions. Current popular discussion topics include tariffs, Trump, inflation, ETFs, and Real World Assets (RWAs). This indicator functions as a barometer, turning investors’ extreme emotional responses into a counter-signal for the market.