🔴 The Iranian crisis is causing Bitcoin to plunge to 66,000 $ — and it may not be over yet

Bitcoin is not resistant to geopolitics. In the face of rising tensions with Iran and threats to close the Strait of Hormuz, investors have fled risky assets to take refuge in traditional values. Result: a drop of 3.3%, bringing BTC down to $66,166.

But that’s not all. Selling pressure is intensifying on several fronts:

📦 Large amounts of BTC are flowing into exchanges — including 643 BTC from the government of Bhutan — signaling a possible ongoing institutional liquidation.

💣 The quarterly expiration of options worth $13.4 billion adds an additional layer of explosive volatility to the market.

And the overall picture is even more concerning: BTC is on the verge of recording its sixth consecutive monthly loss — now 47.9% below its all-time high of 126,000 $ reached in October. Six months of continuous downward trend.

Bitcoin is seeking refuge… but the world offers none for now. 🌍📉