The price of bitcoin (Btc) remains resilient, despite Israel’s recent airstrike in Iran, but can see a sharp correction in the short term if Iran closes the Strait of Hormuz-a critical route for oil transmissions-which affects all risk-on assets, according to Bureau Bureau and Market Analyst’s Bureau Bureau and Market Analyst’s Nic Puckrin’s
The short -term bitcoin price action “depends on how things are developing today and the weekend,” in Contrary to Israel-IranWritten by Analyst on Friday, Adding:
“The biggest risk is that Iran closes the Strait of Hormuz, which holds almost 20% of the oil supply in the world. If it does, the oil will see a massive spike, and the risk of risk will fall into a cliff. And, if it happens in the weekend, the market is dating 24/7 – Crypto – will take the hit again.”
However, Puckrin emphasized that the long-term perspective on the price of Bitcoin was less influenced by geopolitics and more tied to the decline of the US dollar value, which hit only its lowest levels in three years-suggesting a long-term reversal for supply-capped asset.
Bitcoin will continue to be monitored by investors and institutional investors as an emerging MacRO owner. Traders and analysts have mixed -a -theories in the BTC market, like this Straddles the line between the risk-on and a store of property value as it grows as an asset class.
Related: The mirrors in the bitcoin 80% rally setup preceding 2024 Israel-Iran conflict
Bitcoin’s long-term hodlers continue to accumulate despite the uncertainty of Macro and Geopolitical
Long-term Bitcoin holders continue to accumulate BTC across Continuous uncertainty of macroeconomic and the uprising of geopolitical tensions, according to cryptoquant analyst Burak Kesmeci.
The analyst Says The addresses of that accumulation, referred to as purses that have not sold a single Satoshi and have been active in the last seven years, recorded a 30,784 BTC flow, which costs nearly $ 3.3 billion on June 11 -the highest -day -to -day flow for 2025.
“After this spike, the total BTC held by accumulation addresses hit 2.91 million BTC. Their average entry price now sits around $ 64,000,” Kesmeci wrote.
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