The sun was setting over the markets, casting a golden glow over the chaos that had unfolded. Bitcoin, that great bastion of hope and speculation, had taken a tumble, dipping below $104,000 like a drunk stumbling down a flight of stairs. The news of airstrikes in Tehran had sent shockwaves through the markets, and investors were scrambling to find a safe haven.
As the cryptocurrency slid approximately 4.1% in the latest session, the gold bugs were rubbing their hands together in glee. The precious metal had surged to $3,410 an ounce, up about 0.6% over the past hour, as investors flocked to traditional safe-haven assets like birds fleeing a stormy weather. And why not? The dollar was weakening, and the world was going to hell in a handbasket. It was the perfect storm for gold enthusiasts 🌪️.
But as the saying goes, “when the going gets tough, the tough get liquidated.” And boy, did they ever. A whopping $920 million in derivatives liquidations, with $875 million being long bets. It was a bloodbath, folks. The Bitcoin faithful were left licking their wounds, wondering what had hit them 🤕.
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2025-06-13 03:57