Crypto
Bitcoin's implied volatility gauge surged nearly 20% in its biggest single-day spike since the Feb. 5 crash, concurrent with a -6% spot drawdown tied to Israel-Hezbollah war fears threatening an Iran deal. The fear re-entry after two months of calm signals potential for continued deleveraging — crowded longs getting shaken out rarely resolve in one session.
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↓ SHORT-8% target+4% stop3-7 days tactical
Short BTC tactically on vol-spike momentum — fear gauges at multi-month highs after a 2-month calm period historically precede follow-through selling before stabilization.