★Bitcoin drops below $69,200 as Trump gives 48-hour ultimatum on Iran power plants

"Geopolitical catalysts increasingly trigger significant, albeit transient, capital reallocations in crypto, as evidenced by this liquidation cascade. Such events highlight Bitcoin's growing sensitivity to global risk-off sentiment, impacting derivatives market structure and presenting short-term volatility arbitrage opportunities for sophisticated players. This reinforces the need for robust risk management frameworks that account for macro-driven market dislocations."