369M short liquidations from the 72-hour geopolitical noise moved the market that much. Crypto is correlated to major macro movements and now to oil, equities, political risk.
Question: maturation or contagion? Institutions learned crypto needs correlation and 2025 proved it. Problem right now is crypto is still too illiquid for macro flows without whipsaws. If shorts rebuild after Iran pause = structural. If flat = tactical
Bitcoin liquidations and Iran tensions
byu/Bluejumprabbit inCryptoMarkets
Posted by Bluejumprabbit