According to ChainCatcher, following increased U.S. military airstrikes on Iranian targets, Brent crude surged above $93 per barrel and WTI neared $90 per barrel, pushing the 10-year U.S. Treasury yield up to nearly 4.8%. Risk assets came under pressure, with Bitcoin briefly falling below $76,500, dropping over 1% since midnight and nearing a 3% correction over the past seven days. In derivatives markets, Coinglass data shows that the 24-hour long/short taker trading ratio shifted in favor of shorts, accounting for approximately 51.5%, while open interest remained steady at around 700,000 BTC, indicating no significant increase in leverage. The slight rise in ETH futures open interest alongside a price decline was interpreted as accumulating short positions. UNI continued its upward trend, while short positions in TRX remained heavily crowded. Implied volatility for both BTC and ETH retreated to previous levels.
Bitcoin Drops Below $76,500 Amid U.S. Airstrikes on Iran
ChaincatcherShare
Summary
Bitcoin fell below $76,500 amid U.S. airstrikes on Iran, with on-chain trading signals indicating bearish momentum. The 24-hour long-to-short taker ratio reached 51.5% in favor of short positions. Open interest remained near 700,000 BTC, with no significant increase in leverage. ETH futures saw growing short accumulation as prices declined. UNI continued to rise, TRX faced sustained short selling, and implied volatility for BTC and ETH returned to previous levels. Support and resistance levels remain critical for near-term price direction.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.