Crypto derivatives see $1.8B sell-off in one hour amid US-Iran tensions

Selling pressure in the crypto derivatives market surged immediately following the escalation of tensions between the U.S. and Iran, according to CryptoQuant contributor Darkfost. He noted that approximately $1.8 billion in sell orders appeared within a single hour, causing the derivatives pressure index to plummet from 30% to 18%. This sharp drop signals a strong bearish turn, reflecting a rapid increase in short-term risk aversion that has created a seller-dominated market. However, Darkfost added that a technical rebound is possible if positions become excessively skewed to one side.