Bitcoin (CRYPTO: BTC), XRP (CRYPTO: XRP), Ethereum (CRYPTO: ETH), and Solana (CRYPTO: SOL) are all down 6-8% in a week, and the crypto market has shed over $80 billion in value since March 24. The Fear & Greed Index sits at 23, and the average crypto RSI has dropped to 39—oversold territory that the market hasn’t seen since early February’s crash.

The selloff picked up speed after Iran threatened to block a second global oil chokepoint, pushing oil above $100 and sending investors running from risk assets. This came on the same day as the largest crypto options expiry of 2026—$14 billion worth—which triggered over $450 million in liquidations and wiped out more than 122,000 traders.

With the broader crypto market in bearish…