Fears of a potential crypto crash have intensified significantly amid concerns that the U.S. will renew strikes on Iran, while growing selling pressure and notable ETF outflows have further strengthened BTC’s bearish outlook.
Fear of a potential crypto crash has soared significantly as geopolitical tensions between the U.S., Israel, and Iran continue to rise. Following this development, a mass sell-off across the crypto market has occurred, in fact, U.S. spot crypto ETFs have also bled amid this uncertainty.
Multiple reports from crypto transaction tracker Lookonchain have disclosed hundreds of millions of dollars worth of crypto sell-offs recorded over the past 24 hours.
Crypto whales like Arthur Hayes have dumped millions of dollars worth of tokens. Hayes alone sold $22.28 million worth of tokens, including $15.2 million worth of ETH, $2.76 million worth of ENA, $2.24 million worth of UNI, and others.
Hayes is not alone in this selling spree, as Lookonchain flagged significant transactions from a prominent Bitcoin whale, Ethereum OGs, institutional investors, and other prominent traders.
The report on X shows that a Bitcoin whale has dumped 4,000 BTC worth $327 million to Binance and Deribit, an Ethereum OG whale who bought 100,000 ETH at $0.31 sold 10,000 ETH; and an institution moved a massive 156,690 AAVE worth $22.86 million and $10.04 million of WLD tokens.
In addition, prominent crypto trader James Wynn has returned after 49 days of inactivity and opened a 40x leveraged short position on Bitcoin, with a liquidation price of $82,671.48.
These are not only the factors fueling fear of a potential crypto crash, as U.S. spot Bitcoin ETFs also witnessed a record outflow of $635.6 million in a single day, the biggest outflow since June 2026. Of this massive outflow, BlackRock’s IBIT alone offloaded $254.10 million of BTC.
Taken together, these mass crypto selloffs, bearish bets, and record outflows suggest growing selling pressure and weakening investors’ confidence, raising concern about a potential crypto crash.
The impact of this escalating geopolitical tension, mass crypto selloff, and notable crypto ETF outflows is evident on the cryptocurrency price and has intensified the bearish sentiment. At press, major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL), declined by 1.45%, 1.32%, 3.17%, and 2.50% over the past 24 hours.
With Saturday's downside move, BTC's price plummeted below the $80,000 level, hitting an intraday low of $79,165. So far, the price has recovered impressively and is trading at $80,400. Meanwhile, ETH, XRP, and SOL are trading at $2,335, $1.28, and $100.98, respectively.
Amid this falling crypto price and growing selling pressure, Brent crude oil price surged above $117/barrel for the first time since March 19, 2026. For now, it is only $2 away from breaking above its high of the year.
Looking at TradingView’s daily chart, BTC has lost its key support at the $81,000 level, which had acted as a key floor since September 21, 2026. Following this breakdown, the asset now appears to be opening the door for further downside moves and may continue its decline in the coming days.
The current price action suggests that if Bitcoin's price remains below the $81,000 level, its bearish outlook will remain intact. In this scenario, BTC could potentially decline another 5% and reach the $76,000 level. However, this bearish thesis could be invalidated if BTC reclaims and sustains above the $81,000 level.
At the moment, BTC’s Chaikin Money Flow (CMF) reads -0.10, indicating capital outflows and growing selling pressure, which supports the asset’s bearish outlook.
No comments yet
