Overview
- Bitcoin, which slipped under $70,000 Thursday as oil jumped back above $100 a barrel, saw roughly $190 million in long positions liquidated as risk appetite weakened.
- The decline followed Tuesday’s reprieve when President Donald Trump delayed strikes on Iranian energy sites, lifting BTC above $71,000 and forcing more than $271 million in short liquidations as oil and gold fell.
- About $14.1 billion in bitcoin options expire Friday on Deribit, part of roughly $18.6 billion across crypto, a batch event that often jolts prices because many contracts settle at once.
- Dealers highlight a $75,000 “max pain” level for the expiry, yet resistance around $71,000 to $75,000 has stopped recent advances and kept bitcoin locked in a tight range.
- Glassnode and Santiment flag thin spot volumes and unusually quiet large-holder activity, and uncertainty deepened after Iran rejected U.S. ceasefire terms, a White House warning promised harsher strikes if talks fail, and reports said the Pentagon is preparing additional military options.