Bitcoin Derivatives Market Sees Significant Surge in Selling Volume Amid Geopolitical Tensions

The Bitcoin derivatives market has experienced a significant uptick in selling activity in response to escalating tensions between the U.S. and Iran.

According to data from CryptoQuant, the sell volume of Bitcoin ($BTC) derivatives reached $1.8 billion within a single hour, indicating aggressive sell orders across the market.

This development has led to a sharp decline in the derivatives pressure index from 30% to 18%, highlighting the dominance of sellers in the market and a high level of short-term risk aversion.