Bitcoin Drops 3% as Failed US-Iran Nuclear Talks Trigger Heavy Short Pressure

TLDR: JD Vance confirmed US-Iran nuclear talks failed, triggering a 3% Bitcoin price drop overnight. Bitcoin’s decline extended its drawdown to nearly 42% from its most recent all-time peak price. Nearly $1 billion in sell volume hit Binance derivatives within one hour of the failed talk news. Binance funding rates fell to -0.0065%, confirming short [...]

The post Bitcoin Drops 3% as Failed US-Iran Nuclear Talks Trigger Heavy Short Pressure appeared first on Blockonomi.