Bitcoin price (BTC) remains resilient, despite the recent Israeli airstrike on Iran, but could see a sharp correction in the short-term if Iran closes the Strait of Hormuz — a critical route for oil shipments — impacting all risk-on assets, according to Coin Bureau founder and market analyst Nic Puckrin.
Bitcoins’ short-term pricing action “depends on how things develop today and over the weekend,” In the meantime, Israel-Iran conflictThe analyst also added that:
“The biggest risk is if Iran were to close the Strait of Hormuz, which ferries nearly 20% of the world’s oil supply. If it does, oil will see a massive spike, and risk assets will fall off a cliff. And, if this happens over the weekend, the market that trades 24/7 — crypto — will once again take the hit.”
However, Puckrin stressed that Bitcoin’s long-term price outlook is less influenced by geopolitics and more tied to the declining value of the US dollar, which just hit its lowest level in three years — suggesting long-term upside for the supply-capped asset.
Bitcoin is closely watched by institutional and retail investors alike as an emerging asset. Analysts and traders have different market theories about BTC. straddles the line As an asset class, it is maturing and must choose between a risky asset or a value store.
Related: Bitcoin mirrors 80% rally setup that preceded 2024 Israel-Iran conflict
Bitcoin investors continue to accumulate despite the macro- and geopolitical unrest
Bitcoin long-term holders continue to collect BTC in spite of ongoing macroeconomic uncertainty Burak Ksmeci is an expert in CryptoQuant and he says the increase in geopolitical tensions has been a cause for concern.
The analyst said that accumulation addresses, defined as wallets that have never sold a single Satoshi and have been active during the last seven years, recorded an inflow of 30,784 BTC, valued at roughly $3.3 billion on June 11 — the highest daily inflow for 2025.
“After this spike, the total BTC held by accumulation addresses hit 2.91 million BTC. Their average entry price now sits around $64,000,” Kesmeci wrote.
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Source: cointelegraph.com
