Bitcoin experienced a sharp decline on the first day of the week, falling to the level of $ 76,500. The main reason for this movement in prices was the re-escalating political tensions between the USA and Iran. While Bitcoin suddenly lost value during Asian hours, it was seen that the product quickly gave back all its gains in recent weeks.
Political developments put pressure on prices
US President Donald Trump’s new threats following the lack of progress in peace talks with Iran created a shock in the markets. In particular, warnings such as “time is running out” reduced the risk appetite of cryptocurrency investors. Market analyst CryptoRover stated that the USA may be preparing for a military operation against Iran.
Analyst CryptoRover warned that the US administration may take a new military step against Iran and stated that investors should be careful.
Bitcoin, which has lost up to 7 percent in value in the last three days, has erased all the increase it has gained since May 1. Last week, prices rose to $83,000 thanks to heavy inflows into spot ETFs and optimism around the US CLARITY Act.
Market positions were liquidated harshly
With the increase in volatility, a total of $607 million was liquidated in long positions in the last 24 hours. $190 million of this amount belonged to Bitcoin alone. The total liquidation amount in the crypto market reached 677 million dollars and many investors suffered significant losses.
The developments were not limited only to the crypto market. A similar fluctuation was observed in oil prices. The price of Brent type crude oil rose by more than 3 percent in a short time, reaching 104 dollars, and then fell back to 101 dollars. According to analysts, the termination of US-Russia energy agreements and supply concerns in the Strait of Hormuz caused a sudden increase in oil prices.
Capital.com team said in its social media post, “WTI rose above $103 because Trump openly reacted to the blockage in peace talks and the permission given to Russian oil sales ended. Supply risks in the Strait of Hormuz also pushed the price up.”
Analysts drew attention to technical levels
Experts who made technical analysis after the decline in Bitcoin stated that there are some important support points in front of the price. Analyst CryptoJelleNL stated that Bitcoin’s hit to resistance at $82,000 and negative divergence in associated indices caused the pullback.
Market experts first underlined that it is critical to maintain the support at $ 76,000. If this level breaks below, the demand zone between $71,000 – $73,000 and the local bottom at $65,000 may come to the fore.
Analysts pointed out that the $65,000 level is the most important threshold in the short term and a scenario in which the price could decline here. The inverted V formation formed in this region could mean a decline of approximately 16 percent.
A similar correction occurred in the past, in April 2025, when Bitcoin was rejected by the 200-day moving average. Experts state that price movements in the coming days will depend entirely on global developments and technical supports.
