Overview
- Bitcoin fell roughly 2%–3% over the weekend to about $68,000–$69,200 after the ultimatum targeting Iranian power plants.
- Crypto liquidations reached about $299 million in 24 hours, with roughly 85% coming from long positions, according to CoinGlass.
- The warning marked a swift rhetorical shift after the president had discussed potentially winding down military operations a day earlier.
- The Strait of Hormuz remains largely shut to commercial traffic, disrupting around 20% of global oil and gas flows as the 48-hour deadline approaches Monday evening.
- Analysts say positioning has turned defensive, noting Bitcoin’s earlier March gains and warning that higher energy risk is feeding headline-driven volatility.