#BTC #Iran #Liquidations
BTC slipped below $80,000, wicking toward $78,500–$75,500 in thin weekend trading
First sub-$80K move since late 2025, triggering panic
This wasn’t random — it was a perfect storm
Key catalysts:
1️⃣ Geopolitical Risk (Iran)
Reports of an explosion at Iran’s Bandar Abbas port (critical global shipping hub)
Triggered a global risk-off move
Capital rotated to USD & cash
Oil surged, while equities & crypto sold off
2️⃣ Federal Reserve Shock
Kevin Warsh named as next Fed Chair
Known for a hawkish stance and a smaller Fed balance sheet
Markets are repricing the end of easy liquidity
Crypto (a liquidity-sensitive asset) reacted first
3️⃣ Forced Liquidations
$789M liquidated in 24H
Longs: $740.6M wiped
Shorts: $48.5M
Open Interest collapsed → leverage flushed
Gold & Silver also saw sharp intraday crashes
👉 This is global deleveraging, not “crypto failure”
#TrendingTopic #DailyNews $BTC
