Bitcoin crashes below $80K as U.S. strikes on Iran spike oil above $100 — $300M in futures liquidated!

BTC slipped under $80,000 after U.S. airstrikes in Iran sent oil briefly above $100 a barrel, triggering a sharp risk-off move across crypto markets. Futures open interest fell 1.5% to $131.5 billion, nearly $300 million in positions were liquidated in 24 hours — the majority long bets — and options flow on Deribit rotated decisively toward protective puts at the $80,000, $75,000, and $60,000 strikes.

The macro shock compounded existing jitters after Strategy chairman Michael Saylor signalled the firm could sell bitcoin to cover dividends on its STRC preferred stock — a notable reversal from its long-standing never-sell stance. ETH traded at $2,280, down roughly 2% over 24 hours, while DOGE open interest dropped over 4%.

Not everything sold off: ONDO surged 8.2% after Ondo Finance completed the first cross-border, cross-bank redemption of U.S. Treasuries in partnership with JPMorgan,…