The crypto market is turbulent due to the Iran conflict: Bitcoin options plummet, with KAS, BCH, and HYPE leading the decline.



Bitcoin (BTC) started the week with gains in early Asian trading on Monday, approaching the $67,000 mark. However, escalating tensions between the US and Iran are driving up oil, aluminum, and other metal prices sharply, amid concerns that Washington may deploy ground forces.

In the derivatives market, options data shows positions heavily concentrated around the $60,000 and $70,000 levels, likely forming support zones for the price accumulation process. Conversely, institutional money appears to be weakening as cryptocurrency ETF funds recorded a net outflow of up to $650 million last week.

Against this backdrop, Kaspa (KAS), Bitcoin Cash (BCH), and Hyperliquid (HYPE) experienced the largest declines in the market over the past 24 hours.

#CanBTCHold65K?
$BTC
$HYPE
BTC-2,09%
HYPE-3,22%
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