Overview
- Bitcoin fell into the high‑$60,000s after roughly $300 million to $330 million in crypto liquidations over 24 hours, with CoinGlass data showing about 85% were longs.
- President Donald Trump ordered Iran to reopen the Strait of Hormuz within 48 hours or face strikes on power plants, and Iran’s Revolutionary Guards warned of full closure and retaliation; the deadline expires Monday evening.
- The Strait of Hormuz remains largely shut to commercial traffic, disrupting an estimated one‑fifth of global oil and gas flows and intensifying macro pressure on risk assets.
- Oil prices climbed and Goldman Sachs raised its Brent and WTI forecasts, while gold extended a nine‑day slide and global equities weakened, underscoring a broad risk‑off reset.
- Fear gauges fell to single digits, shorts ticked higher, and traders flagged levels near $66,000–$67,000 for support and around $72,000 for resistance as ETF flows swung from recent outflows to about $95 million in net spot‑BTC inflows last week.