Bitcoin has dropped below $63,000 amid escalating tensions between Iran and the United States, raising questions about its status as a safe-haven asset. The Strait of Hormuz faces potential closure as the US hits Iran for the fourth time this week.
Market analysts are divided on whether this is a natural correction within a long-term bullish trend or a trap set by large holders. ETF flows have diverged, with some investors buying the dip while others sell on rumors.
The Fidelity Power Law support level is being watched closely—a key technical indicator that has historically provided a floor for Bitcoin's price. Liquidation data reveals significant forced selling, indicating that leveraged long positions have been heavily affected.
As geopolitical uncertainty mounts, the crypto community debates whether Bitcoin's "digital gold" narrative can withstand a real-world war premium collapse.