- Bitcoin fell to $65,112 over the weekend, liquidating over $400 million in trading positions.
- Donald Trump is weighing a “complex and risky” ground operation in Iran to extract uranium, per U.S. officials.
- Investor sentiment cooled, with a prediction market now giving Bitcoin only a 41% chance of rallying to $84,000.
Bitcoin faced significant selling pressure over the weekend, dropping to $65,112 and triggering over $400 million in liquidations as geopolitical tensions flared. This downturn coincided with reports that U.S. President Donald Trump is considering a “complex and risky” military operation inside Iran to extract uranium, escalating the ongoing conflict.
The President, who recently stated he’s “not desperate” to end the war, remains open to the mission according to officials cited by The Wall Street Journal. Consequently, investor optimism for a near-term Bitcoin rally has diminished markedly.
Prediction market users on Myriad now see only a 41% chance Bitcoin will reach $84,000, down from nearly 65% a week prior. Despite this bearish sentiment, Bitcoin has slightly recovered and currently trades around $67,500, according to price aggregator CoinGecko.
Since the U.S.-Iran war began on February 28, Bitcoin has gained nearly 2%, outperforming traditional assets like the S&P 500 and Gold during the same period. However, analysts warn the weekend drop may signal a deeper correction.
On-chain analyst Willy Woo suggested a bearish scenario where Bitcoin could bottom between $46,000 and $54,000, based on capital leaving the network. The weekend’s widespread liquidations, tracked by CoinGlass data, highlight the market’s heightened volatility amid these macroeconomic and geopolitical crosscurrents.
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