Overview
- Bitcoin fell roughly 2–3% to about $68,000–$69,200 over the weekend after the president threatened strikes on Iranian power plants unless the Strait of Hormuz is reopened, with the deadline landing Monday evening.
- CoinGlass recorded about $299 million in crypto liquidations over 24 hours, with roughly 85% from long positions and the largest single wipeout a $10 million BTC-USDT swap on OKX.
- Spot Bitcoin ETFs have swung to net outflows of more than $300 million over several days, reversing a prior inflow streak and reinforcing selling pressure.
- On-chain metrics show retail participation at its lowest since January 2025, while some analysts highlight an Inter‑Exchange Flow Pulse crossover as a potential buy signal suggesting larger players may be positioning.
- Market watchers warn that a prolonged Hormuz disruption could lift oil and inflation and weigh on risk assets, with one analysis flagging BTC–S&P 500 correlation patterns that have preceded broader equity drawdowns.