Bitcoin and ether fell sharply alongside global risk assets after escalating tension in Iran drove oil higher, while derivatives data shows traders positioning for further downside. Crypto fell after renewed geopolitical tensions pushed oil up by 10% and weighed on equities, strengthening the dollar and driving a broader risk-off move. Funding rates turned deeply negative and open interest rose, indicating traders are actively shorting BTC and ETH; liquidations hit nearly $400 million. Despite…
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