Analysts: Short-term holders sold 17,800 BTC within 24 hours, and the escalating US-Iran conflict raises market caution

According to ChainCatcher news, monitored by Cryptoquant analyst Axel Adler Jr, a total of 17,800 bitcoins were sold by short-term holders on centralized exchanges in the past 24 hours, of which 14,700 bitcoins were sold at a loss, 3,100 bitcoins were sold at a profit, resulting in a net sell-off of 11,600 bitcoins.

The drop in bitcoin prices occurred against the backdrop of the U.S. attacking three nuclear facilities in Iran over the weekend, joining Israel in its ongoing conflict with Iran. As Tehran may respond, including threats to U.S. personnel in the Middle East or a potential closure of the Strait of Hormuz, the market is currently on high alert.