TechFlow, June 23 — According to 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 these, 14,700 bitcoins were sold at a loss and 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 a U.S. weekend strike on three Iranian nuclear facilities, marking America's entry into the ongoing conflict between Israel and Iran. Markets are currently on high alert as Tehran may retaliate, including threats against U.S. personnel in the Middle East or a potential closure of the Strait of Hormuz.
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