The Bitcoin (BTC) price remains resilient, despite the recent Israeli air strike on Iran, but could see a strong short -term correction if Iran closes the Strait of Hormuz – a critical route for oil shipments – impacting all risky workers, according to the founder of the Coin Bureau and Market Analyst Nic Puckrin.
Bitcoin’s short-term price action “depends on how things develop today and during the weekend”, in the Israel-Iran conflict, wrote the analyst on Friday, adding:
“The greatest risk is that if Iran closed the Strait of Hormuz, which transported almost 20% of the world’s oil supply. If this is the case, the oil will see a massive peak and risk assets will fall from a cliff. And, if this happens during the weekend, the market that is negotiated 24/7 – Crypto – will take it again.”
However, Puckrin stressed that the long -term Bitcoin prices are less influenced by geopolitics and more linked to the drop in the drop in the US dollar, which has just reached its lowest level in three years – suggesting a long -term increase for the assets compensated by the offer.
Bitcoin continues to be closely monitored by retail and institutional investors as an emerging macro ratio. Traders and analysts have mixed market theories on the BTC, because it rides the border between risk and a reserve of value assets while ripening as a class of assets.
In relation: Bitcoin reflects an 80% rally configuration which preceded the Israel-Iran conflict in 2024
Long -term bitcoin hodlers continues to accumulate despite macro and geopolitical uncertainty
Long -term bitcoin holders continue to accumulate BTC despite continuous macroeconomic uncertainty and the rise in geopolitical tensions, according to cryptocurrency analyst Burak Kesmeci.
The analyst said that the accumulation of addresses, defined as portfolios which have never sold a single Satoshi and which have been active in the last seven years, have recorded an influx of 30,784 BTC, worth around 3.3 billion dollars on June 11 – the highest daily influx for 2025.
“After this point, the total BTC held by accumulation addresses reached 2.91 million BTC. Their average entry price is now about $ 64,000,” wrote Kesmeci.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
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