Over $1.4 billion in leveraged longs just got wiped out, as Bitcoin tanks below $78K and Ethereum slips under $2,400. More than $100 billion in crypto market cap vanished in just 5 hours, the sharpest drawdown in weeks. Traders are eyeing the $80K to $82K zone for Bitcoin, to see if demand kicks in or if we head lower as weekend selling rolls on. Explosion at Iran’s Bandar Abbas port spooked global markets, escalating U.S.–Iran tensions and dragging down risk appetite across the board.
