Bitcoin Slides Below $68,000 Amid Geopolitical Fears and Market Fragility

Bitcoin slipped below $68,000 as geopolitical tensions escalated.

“Here’s why bitcoin’s drop below $68,000 raises the risk of a crash under $60,000 The negative gamma zone below $68,000 can trigger a self-reinforcing sell-off, leading to an ever larger slump”

@coindesk

A negative gamma zone between $68,000 and mid-$55,000 in put options can force dealers to sell more bitcoin as prices fall.

@coindesk

Phemex noted the movement was triggered by multiple factors over 72 hours including tariff reversals.

Five weeks of ETF outflows totalling approximately $678 million since March 1.

More than $458 million wiped out in 24 hours, 92% of which were longs.

Coin Academy

LesNews raised the possibility of a six-month bear run.

Gold and Bitcoin both fell, signaling the market is raising cash.

Trump's tariffs, Bitdeer sales, and software-mageddon forced hedge funds to liquidate.

The market was caught between war-induced risk aversion and trade policy fallout.

Bitcoin's implied volatility fell back to 52% from a near-100% peak.

Funding rates remained barely above zero, and spot ETFs showed continued net outflows.

Cryptoast

This illustrates the multifaceted challenges facing the crypto market.