Just noticed the market got hammered over the weekend on some serious geopolitical tension. Bitcoin dropped hard after Trump threw down a 48-hour ultimatum to Iran about the Strait of Hormuz, threatening strikes on power plants if they don't comply. The whole vibe shifted from last week's bullish run straight into panic mode.

BTC slid to around $69K on Sunday before bouncing back to $72.28K by this week - looks like it's recovering some ground with a 2.29% 24h gain and 8.53% over the past week. But that weekend dip was brutal for leveraged traders. Data showed nearly $300 million in liquidations hit the market in just 24 hours, with about 85% of that coming from long positions getting liquidated. Bitcoin longs alone took $122 million in damage, while Ethereum longs lost $95.7 million. Everyone was way too bullish heading into the weekend after eight straight green days.

Major tokens all got caught in the selloff together. Ethereum recovered to $2.22K (up 2.70% daily), XRP bounced to $1.34, Solana's at $84.27, and even Dogecoin is showing some recovery at $0.09. The only weird one is WLFI - that's down 14.19% after the whole lending strategy controversy on some DeFi platform. Basically the market got whipsawed from ceasefire speculation to war headlines in 24 hours. This crypto news cycle has been wild - one minute the Fed's dovish, next minute geopolitics wipes out a week of gains. The deadline's Monday evening, so if things escalate, we might see another round of volatility hitting crypto markets.