Analyst: Short-term Holders Sell 17,800 BTC Within 24 Hours as Escalating Tensions Between the US and Iran Heighten Market Caution
According to ChainCatcher, Cryptoquant analyst Axel Adler Jr has observed that in the past 24 hours, a total of 17,800 Bitcoins were sold by short-term holders on centralized exchanges. Of these, 14,700 Bitcoins were sold at a loss, while 3,100 Bitcoins were sold at a profit, resulting in a net sell-off of 11,600 Bitcoins.
The decline in Bitcoin’s price occurred against the backdrop of the United States launching attacks on three nuclear facilities in Iran over the weekend, marking its involvement in the ongoing conflict between Israel and Iran. With Tehran potentially preparing to respond—including threats to U.S. personnel in the Middle East or the possible closure of the Strait of Hormuz—the market is currently on high alert.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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In the past hour, liquidations across the entire network reached $91.0026 million, with long positions being the main casualties.
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