I noticed that Bitcoin really took a hit this weekend. After climbing to $75,912 last week, it ended up crashing down to around $69K, and now it's hovering around $72.8K. All this because Donald Trump issued a 48-hour ultimatum to Iran over the Strait of Hormuz closure, with a direct threat against energy infrastructure. Not exactly the kind of news that reassures you when you have open positions.

What struck me was the speed of the shift. On Friday, Trump was talking about a gradual reduction of military operations, and by Saturday night, he was threatening power plants. The cryptocurrency market was way too bullish at that moment, completely skewed toward long positions. Data shows $299 million in liquidations over 24 hours, with 85% hitting longs. Bitcoin alone lost $122 million, Ether $95 million. A major platform recorded a $10 million BTC-USDT swap that was liquidated all at once.

All altcoins followed the move. Ether dropped 1.8% to $2.24K, Solana 2.1%, XRP, BNB, Dogecoin—all in the red. It’s crazy how a single geopolitical event can wipe out an entire week of gains when leverage is everywhere. And now we’re waiting for Monday night to see if Iran will back down or if things will escalate. Between that and the Fed maintaining its accommodative stance, the market remains really fragile. Traders are hesitant to take strong directional positions as long as this tension persists. Donald Trump and geopolitics have become a major factor for cryptocurrency now, unfortunately.