BlockBeats news, on June 23, Cryptoquant analyst AxelAdlerJr released a market analysis stating that a total of 14,700 BTC was sold on centralized trading platforms in the past 24 hours, including 14,700 BTC sold at a loss and 3,100 BTC sold at a profit. Short-term holders collectively cashed out 17,800 BTC, with a net sell-off of 11,600 BTC.
AxelAdlerJr stated that the backdrop for the decline in Bitcoin is the U.S. attacking three Iranian nuclear facilities over the weekend and joining the ongoing war between Israel and Iran. Due to the potential for Iran to respond, including threats to U.S. personnel in the region and possibly closing the Strait of Hormuz, the market is currently in a state of heightened alert.
