🚨 Iran has just threatened to close a SECOND global oil corridor.
And $BTC Bitcoin is feeling it in real time.
They have blocked the Strait of Hormuz since February. Now they threaten to cut the Strait of Bab el-Mandeb, the passage of the Red Sea through which 12% of global oil transits. The barrel surpassed $103. And risk markets collapsed.
📉 The result in crypto was brutal.
Bitcoin fell from $71,000 at the beginning of the week to $66,457. Ethereum broke below $2,000 for the first time since mid-2024. $XRP is at $1.33. Solana dropped 72% from its highs.
And as if that weren't enough, March 27 was the largest quarterly options expiration of the year: $14.16 billion in Bitcoin and Ethereum options, which liquidated more than $450 million in positions and wiped out over 122,000 traders in 24 hours.
😱 Fear is at extreme levels.
The Fear and Greed index remains in the "Extreme Fear" zone, with the ETFs of $ETH accumulating six consecutive days of net outflows.
But here’s what the panic doesn’t let you see 👇
The total supply of stablecoins is close to a historical record of $316 billion. That is parked capital, waiting for a signal.
Whales holding between 10 and 10,000 BTC increased their positions by 61,568 Bitcoin over the last month.
And big banks haven’t changed their targets: Standard Chartered maintains $140,000 for the end of the year. Bernstein aims for $150,000. None revised their targets downwards after expiration.
Geopolitics is scary. The market bleeds. But smart money accumulates quietly while retail investors sell in panic.
The question is not whether Bitcoin will recover.
The question is: will you be positioned when it does? 👇
#BitcoinPrices #criptonews #TrumpSeeksQuickEndToIranWar #TetherAudit #InstitucionalVsRetail
