Recent global conflicts and actions by large Bitcoin holders are significantly influencing the cryptocurrency market. Rapid changes in the situation raise concerns among investors.
Escalating Conflicts and Their Impact on the Market
The international situation worsened with Israel's launch of Operation Rising Lion on June 13, targeting over 100 strategic military and nuclear sites in Iran. This escalation has led to increased tensions, with medical services reporting nearly 100 fatalities and over 300 injuries. Iran's response, Operation Vow of Truth 3, has also resulted in attacks on central Israel, causing civilian casualties.
Bitcoin Market Responds to Events
Bitcoin's price reacted to these events, dropping from a peak of $108,500 to below $103,000 within hours. Currently, the price has recovered to around $105,000, but the market remains under pressure from uncertainty, as the situation may escalate further.
Actions by Major Bitcoin Holders
Some major investors, referred to as 'whales,' have begun to offload their assets. This occurred even before the extensive attacks, and analyst Ali Martinez noted that such actions could lead to more significant selling from smaller investors, further increasing market pressure. Martinez cautioned that Bitcoin must hold above $100,000 to avoid a drop below $80,000.
Given the current events and the behavior of major investors, the Bitcoin market remains under pressure. Uncertainty in international affairs and changes in the positions of large crypto holders could significantly influence the asset's price in the coming days.
