$BTC
So, after Iran's strike on US bases, Bitcoin has retraced by 50% of its weekly range and the price now seems balanced. And it seems that nothing terrible happened.
HOWEVER, if we look at the data, major participants have already closed their LONG positions during the drop. This can also be indicated by the increase in OI (Open Interest) during the decline. Now the ball is in the sellers' court, who will be building their positions to sell.
Based on this, the market expects the worst-case scenario. Whether it be natural or external factors.