Bitcoin Traders Lost $762M in 72 Hours as Hormuz Headlines Reversed

TLDR Iran opening the Strait of Hormuz sent Bitcoin up 4%, wiping out $593M in short positions Iran then reimposed controls, reversing the move and pushing Bitcoin to $74,335 Total liquidations across 72 hours hit $762M Both long and short traders made correct directional calls but still got liquidated At 25x leverage, a 4% price [...]

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