Bitcoin just fell under $77,000. $ETH is sliding toward $2,400. In the past hour alone, $60 million in long positions got liquidated.
The trigger? Iran's statement about retaliating against recent US strikes. Markets are reacting to geopolitical tension — classic risk-off move. When uncertainty spikes, crypto often takes the hit first.
This kind of sharp deleveraging shows how quickly sentiment can flip. Leverage was building up, and now it's unwinding fast. Watch how price action stabilizes (or doesn't) over the next few hours. If macro fear persists, we could see more downside before any bounce.
The trigger? Iran's statement about retaliating against recent US strikes. Markets are reacting to geopolitical tension — classic risk-off move. When uncertainty spikes, crypto often takes the hit first.
This kind of sharp deleveraging shows how quickly sentiment can flip. Leverage was building up, and now it's unwinding fast. Watch how price action stabilizes (or doesn't) over the next few hours. If macro fear persists, we could see more downside before any bounce.
