Bitcoin Falls on Heightened Tensions in the Middle East

Iran "Can Attack U.S. Bases in Case of Nuclear Talks with U.S
BTC Down To $108,000...Altcoins, Stay Weak in Intra Day
Cointelegraph "BTC Is Safe from a Long-Term Perspective"

Bitcoin(BTC) fell on Jun. 12 due to rising tensions in the Middle East.

Iran has warned that it could attack all U.S. military bases in the Middle East if the sixth nuclear deal with the U.S. breaks down. In response, the U.S. government ordered the U.S. Embassy in Iraq to withdraw some of its personnel.

Tensions in the Middle East covered up a number of favorable factors that could lead to a rise in the asset market and caused the market to fall.

Bitcoin, which briefly exceeded $110,000 on the afternoon of Jun. 11, fell to $108,000. Altcoins also stopped rising due to the inflow of funds during the day on the 12th and turned weak. A number of altcoins recorded a drop of 3-5%.

◇Bitcoin = Bitcoin price is $107,776 at 4:30 p.m. on Jun. 12, 2025. The Bitcoin share(dominance) was 64.09%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 40.61% and 59.39%, according to the on-chain analytics platform Sigbtc.

Despite Bitcoin's decline, the outlook has been announced that Bitcoin will remain solid from a long-term perspective.

"Long-term holders who hold Bitcoin for more than 155 days are trying to realize profits," said CoinTelegraph, a media outlet specializing in cryptocurrency. "However, long-term holders' Bitcoin holdings themselves are still increasing. This means that some long-term holders are selling, but Bitcoin, which is more than the size of the sale, is turning into long-term holdings, offsetting the selling pressure."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Jun. 12 was ARDON(ARDR), up about 15% on the day alone.

ARDR is an open-source multi-chain BaaS (Blockchain as a Service) platform created by the Zelurida Foundation by improving the existing NXT and is also called NXT 2.0.

The monetary unit is an Arthur token and is the main chain token of the Arthur network, used for governance and transaction fee payment for the creation of new blocks and network consensus.

◇Fear Greed Index = The digital asset fear-greed index provided by Alternative has entered the 'greed' stage with 71 points. The greed stage is a stage where price volatility and trading volume increase, and the price rises. The possibility of forming a high short-term high is high, so caution should be taken in selling.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 49.4, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr