The Iranian attack on Israel appeared as an iPhone price alert well before any news service would run the story. That’s how markets work. Crypto is the only liquid asset class that trades on Saturday, so those of us who never really turn off learned something big happened right around 3:45pm ET on Saturday (ZH: which is precisely when we noticed this first...). {chart} Bitcoin dumped from $67,000 to $61,750 in a matter of minutes. Had the S&P 500 been open, it would’ve gapped lower by 3.0% give or take, in my estimation. Probably not enough to seriously stress the stop-loss mechanisms at all those grossly ... (full story)