Crypto's weekend gains gave way to a Monday selloff as Middle East tensions resurfaced, South Korea's Kospi lost 9.2% and $253 million in leveraged positions were wiped out. Bitcoin fell 1% while LIT slid 8% in its first significant pullback after rallying 200% in two months as reignited Iran-U.S. tensions over the Strait of Hormuz weighed on risk assets, including equities. Derivatives markets show $253 million in 24-hour liquidations skewed toward longs, though broader positioning r…
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