#bitcoin faces high selling pressure amid the ongoing situation in the Middle East. Whales’ altered attitudes are among the first warning indicators to emerge. Some long-term Bitcoin investors had begun to sell off small amounts of their holdings, as reported earlier this week, but that was before the attacks.
Some Bitcoin whales, or those who own more than 1,000 bitcoins, have started “trimming” their holdings. Smaller investors may imitate these sell-offs if they persist or worsen, putting more selling pressure on Bitcoin.
More than two months have passed since Bitcoin’s price troubles sent it sharply downward, causing the asset to fall to less than $75,000. Operation Rising Lion on June 13 to target over 100 strategic military and nuclear sites in Iran, including those in Fordow and Natanz.
According to the most recent reports, there were close to 100 people killed, including scientists and senior commanders, while there were well over 300 people injured.
Fars reported that “Iran’s strikes will continue and this confrontation will not end with last night’s limited actions, and this action will be painful and regrettable for the aggressors.” Their statement indicated that the war would “spread in the coming days to all areas occupied by this (Israeli) regime and American bases in the region.”
Israel launched its largest-ever air offensive against its longtime adversary on Saturday to prevent Iran from developing a nuclear weapon, raising the potential for a broader conflict as Iran and Israel persist in targeting each other