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ETH derivatives sell-off tops $1B after Trump signals possible Iran strikes, causing a 4% price drop.

Market News
02 Apr 2026
Blockonomi
View Source
Bearish
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Over $1 billion in Ethereum (ETH) derivatives sell volume occurred within one hour following U.S. President Donald Trump's remarks about potential military strikes on Iran. Binance alone absorbed $968 million of this selling pressure, leading to a sharp 4-5% intraday price drop for ETH to around $2,047. The broader market also reacted strongly, with the S&P 500 losing $500 billion in market cap as investors shifted to safer assets amid rising geopolitical tensions. This event highlights increased market volatility and risk aversion, suggesting traders should exercise caution and reduce exposure until the situation clarifies.

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