Crypto liquidations don hit $560M as US-Iran gbege make BTC & ETH fall
Crypto liquidations don pass $560M for di past 24 hours, wey show say risk-off feeling don come back. Di selling pressure dey linked towey tensions between US and Iran dey rise, including risk say di Strait of Hormuz fit get disruption, reports sey ceasefire no work, and Iran decide to join talks again.
For prediction markets, di chance for upside targets don drop sharply. Di contract “Wetin be chance sey Bitcoin go reach $80,000 for April?” dey near 0.1% YES (down from ~3% 24 hours before and comot well from ~58% one week ago). For ETH, “Wetin be chance sey Ethereum go reach $4,000 for April?” still around 0.1% YES (down from ~1% di day before). Di article talk sey crypto liquidations be direct headwind for BTC and ETH short-term moves, as leverage unwinds fit weigh down sentiment and carry over to longer-term expectations.
Traders fit treat di continuing crypto liquidations as short-term volatility trigger to watch together with new updates on US–Iran negotiations (US State Department and Iran foreign ministry are mentioned).
Bearish
Crypto liquidations wey pass $560M dey show say forced selling and leverage unwinds dey happen, wey normally dey put pressure for BTC and ETH short-term. Di timing match wit new risk-off drive from US-Iran escalation and worry say shipping for Strait of Hormuz fit scatter. Prediction markets dey confirm am: BTC April upside chance dey collapse near ~0.1% YES, and ETH April $4,000 target dey priced similarly near ~0.1%.
For near term, traders likely go fade rallies and expect say volatility go continue until geopolitical and macro signs better. For long term, di impact fit calm down if negotiations stabilise, but as long as liquidation-driven sentiment remain weak, both BTC and ETH fit face headwinds compared to earlier expectations.