The whole worth of liquidated leveraged positions skyrocketed to $240 million in simply 1 hour.
After a comparatively steady Saturday, by which BTC remained above $70,000, the asset’s worth strikes took a flip for the more serious through the evening, dropping in the direction of $68,000 for the primary time since March 9.
This sudden drop got here as US President Trump issued a stark risk to Iran if it fails to reopen the Strait of Hormuz.
The Newest Warfare Developments
The POTUS has lengthy contradicted himself inside hours, and the previous day or so has confirmed this narrative as soon as once more, not less than in response to the latest reviews. At first, Axios reported that Trump was in search of the ‘level of contact’ in Iran’s regime to start negotiations to wind down the battle.
Later, although, the President himself published an easy risk in opposition to Iran and its arguably most essential infrastructure if it fails to reopen the Strait of Hormuz inside 48 hours.
“If Iran does not FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, inside 48 HOURS from this precise cut-off date, the USA of America will hit and obliterate their numerous POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!”
The analysts from The Kobeissi Letter summarized Trump’s reported change of coronary heart in simply the final 36 hours alone.
President Trump during the last 36 hours:
Friday, 3:40 PM ET: “I do not wish to do a ceasefire with Iran.”
Friday, 5:15 PM ET: The US is “contemplating winding down” the battle with Iran.
At present, 2:00 PM ET: Axios reviews Trump is planning “peace talks.”
Now: “If Iran does not open the…
— The Kobeissi Letter (@KobeissiLetter) March 22, 2026
BTC Value Dumps
Bitcoin has reacted fairly immediately to essentially the most vital developments through the battle within the Center East, and Trump’s newest main warning was no exception. The asset stood above $70,000 yesterday and even challenged $71,000 at one level, earlier than it collapsed by a number of grand.
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On some exchanges, it even dipped under $68,000, whereas on Bitstamp and Binance, it dropped to as little as $68,200. However, each worth tags would characterize a three-week low.
The altcoins adopted swimsuit, with ETH slipping under $2,100 and XRP under $1.40 earlier than the market staged a minor comeback. However, the whole worth of liquidated leveraged positions was above $240 million in only one hour through the worth drop.
BREAKING: Over $240 million price of leveraged crypto positions are liquidated in 60 minutes after President Trump threatens to “obliterate” Iran’s energy vegetation. https://t.co/HyUX7jBmTc
— The Kobeissi Letter (@KobeissiLetter) March 22, 2026
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