US Strikes on Iran Send Oil Higher, Bitcoin Slips Below $76.5K

US Strikes on Iran Send Oil Higher, Bitcoin Slips Below $76.5K

N
News Editor
2026-09-02 10:56:55
According to CoinDesk, the US military's stepped-up airstrikes on Iranian targets pushed oil and bond markets into a fresh risk-off move. Brent crude broke above $93 per barrel and WTI approached $90, while the 10-year Treasury yield climbed toward 4.8%. The same risk-off tone weighed on digital assets: Bitcoin fell below $76,500 during the session, down more than 1% from midnight and about 3% over the past seven days. Coinglass data shows that over the last 24 hours the taker buy/sell ratio in crypto derivatives has shifted in favor of shorts, with short-side volume around 51.5%; total open interest remains near 700,000 BTC, indicating leverage has not expanded dramatically. Ethereum futures open interest edged higher as the price declined, which was interpreted as short accumulation. Elsewhere, UNI extended its gains, TRX kept drawing crowded short positioning, and implied volatility for both BTC and ETH retreated back to previous levels.

US military strikes against targets in Iran led to a fresh shift in oil, bond and crypto markets, according to CoinDesk. Brent crude broke above $93 a barrel, WTI moved near $90, and the 10-year Treasury yield climbed toward 4.8%.

Risk assets came under pressure. Bitcoin at one point fell below $76,500, down more than 1% from midnight and roughly 3% over the past seven days.

Derivatives data pointed the same way. Coinglass showed the 24-hour taker long/short order flow was short-biased at about 51.5%, while total open interest held around 700,000 BTC. That suggests leverage has not expanded sharply. Ethereum futures open interest edged up alongside a softer price, which was read as short accumulation.

UNI extended its gains, TRX continued to see crowded short positioning, and implied volatility for BTC and ETH settled back to previous levels.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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