Overview
- Bitcoin traded in the high‑$60,000s after sliding below roughly $69,200, erasing last week’s gains as the 48‑hour deadline over the Strait of Hormuz runs to Monday evening.
- Derivatives data showed about $299 million to $330 million in positions wiped out over 24 hours, with longs taking the majority of losses, while major tokens fell in tandem and XRP broke below $1.40.
- Spot Bitcoin ETFs flipped to multi‑day net outflows of roughly $300 million in recent sessions, reversing earlier March inflows and adding mechanical selling pressure.
- The Crypto Fear & Greed Index plunged to an extreme‑fear reading near 9–10, with weekend liquidity thinning and shorts building even as exchange balances sit at multi‑year lows indicating ongoing accumulation.
- Macro stress intensified with oil near $100 and stocks sliding, gold extended a nine‑day losing streak, mining metrics signaled strain with a notable hash‑rate drop, and Bitcoin held up better than equities on a weekly basis.