Price Decline
$BTC Bitcoin fell 3.5% to $68,000 as Trump's 48-hour ultimatum to Iran over Hormuz Strait escalated Middle East tensions, triggering risk-off sentiment across markets.
Liquidation Cascade
Over $361M in crypto liquidations occurred within 24 hours, with long positions accounting for $240M as leveraged traders faced margin calls.
Miner Pressure
BTC mining costs hit $88K per coin while price trades at $68K, creating $20K loss per BTC mined and forcing difficulty adjustment down 7.8%.
#CZCallsBitcoinAHardAsset #Trump's48HourUltimatumNearsEnd $BTC
$BTC Bitcoin fell 3.5% to $68,000 as Trump's 48-hour ultimatum to Iran over Hormuz Strait escalated Middle East tensions, triggering risk-off sentiment across markets.
Liquidation Cascade
Over $361M in crypto liquidations occurred within 24 hours, with long positions accounting for $240M as leveraged traders faced margin calls.
Miner Pressure
BTC mining costs hit $88K per coin while price trades at $68K, creating $20K loss per BTC mined and forcing difficulty adjustment down 7.8%.
#CZCallsBitcoinAHardAsset #Trump's48HourUltimatumNearsEnd $BTC