BTC Crashes to 2-Week Low at $76,500 as $500M in Longs Get Liquidated!

Bitcoin dropped as low as $76,500 this morning — a two-week low — shedding more than 2% as US-Iran war tensions rattled global risk assets and a dangerously crowded long market got caught offside. More than $500 million in crypto long positions were liquidated in the last 60 minutes of the move, with nearly $300 million of that concentrated in BTC longs alone, exposing just how stretched bullish futures positioning had become.

Spot BTC ETFs, which powered much of Q4 2025's euphoria, have flipped to net outflows in recent sessions. Bitcoin's tight correlation to tech stocks amplified the damage — Nasdaq 100 futures are sitting roughly 10% below January highs, and oil is surging toward $100 per barrel as geopolitical risk premiums reprice across every asset class.

Approximately $14 billion in BTC options open interest is approaching expiry, and with momentum indicators deteriorating,…