The situation in the Middle East continues to escalate, triggering significant volatility in global risk assets. Iran has threatened to block the Strait of Hormuz, while Israel has responded firmly, rapidly intensifying risk-off sentiment. Crude oil and gold have surged sharply, while the crypto market experienced a panic-driven sell-off. Data shows that over $900 million in positions were liquidated across the network in the past hour, with total liquidations reaching $4.2 billion in the last 24 hours—the most severe clearing event for longs since the beginning of the year. Meanwhile, institutional capital is also showing clear signs of withdrawal. On-chain data reveals that Mt. Gox has once again transferred over 10,000 BTC; BlackRock moved 6,005 BTC into Coinbase; and Abraxas Capital reduced its BTC holdings by approximately 2,469 BTC, further increasing selling pressure. On the charts, BTC has officially broken below the key support level of $63,000, with the bearish structure on the 4-hour timeframe continuing to expand. Funding rates have rapidly declined from 0.01% to 0.0015%, indicating that market pricing power has shifted back to the shorts. However, capital differentiation is beginning to emerge within the market. Hyperliquid data shows that HYPE open interest has risen to $1.594 billion, ranking second only to BTC. Driven by increased activity in crude oil perpetual contracts, some large whales are steadily flowing into HYPE. Short-term key levels to watch: • BTC resistance zone: $64,000–$64,500 USDT • BTC critical support: $61,000 / $58,000 USDT If BTC rebounds above $64,000 but faces renewed selling pressure, short-term bias remains skewed toward short opportunities. If BTC fails to hold $61,000, the market could face an amplified cascade of liquidations. Currently, event-driven trading with quick entries and exits is more suitable than high-leverage positional bets. Risk Disclaimer: Market volatility is high. This report is for informational purposes only and does not constitute investment advice.
Global crypto liquidations exceed $900M as BTC falls below $63,000 amid geopolitical tensions
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Summary
BTC price fell below $63,000 as global crypto liquidations exceeded $900 million in one hour, with 24-hour totals reaching $4.2 billion. Escalating geopolitical tensions in the Middle East drove investors toward gold and oil, while BTC dominance declined amid the crypto sell-off. Institutional activity included Mt. Gox transferring over 10,000 BTC, BlackRock moving 6,005 BTC to Coinbase, and Abraxas Capital reducing its holdings by 2,469 BTC. Hyperliquid data shows HYPE’s open interest rose to $1.594 billion, second only to BTC.
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