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Bitcoin Options flash red amid the Iran war – KAS, BCH, HYPE lead losses

Bitcoin Options flash red amid the Iran war – KAS, BCH, HYPE lead losses

  • Bitcoin recovers above $66,000 on Monday, while persisting downside pressure weighs down on top altcoins.
  • Bitcoin Options data signals possible consolidation between $60,000 and $70,000, while ETFs recorded net outflows last week.
  • Kaspa, Bitcoin Cash, and Hyperliquid lead losses as the broader sentiment falters.

Bitcoin (BTC) starts the week on a bullish note during early Asian hours on Monday, approaching the $67,000 mark. However, the ongoing US-Iran war fuels price surges in oil, aluminium, and other metals amid the threat of US forces being deployed on the ground. 

Bitcoin Options data shows positional buildup around $60,000 and $70,000, which could act as boundary levels consolidating the spot prices. Meanwhile, the crypto-focused…

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