Bitcoin retreats below $80,000, liquidating $300 million in futures bets
CoinDesk
Bitcoin fell below $80,000 after geopolitical tensions spiked oil prices, triggering $300 million in crypto liquidations.Summary
Bitcoin dropped below $80,000 following U.S. airstrikes in Iran, which pushed oil prices above $100 per barrel and triggered a market-wide risk-off shift. The downturn resulted in $300 million in liquidations across futures markets as traders aggressively unwound leveraged positions. While major tokens and memecoins faced downward pressure, DeFi assets like ONDO saw gains following successful cross-border treasury redemptions involving JP Morgan, Mastercard, and Ripple.
(Source：CoinDesk)