Analysis: Bitcoin Narrowly Fluctuates Around $66K, Macro and Geopolitical Conflicts Weigh on Market

Odaily News The cryptocurrency market has seen overall subdued trading activity recently. Bitcoin has been fluctuating narrowly around $66,600, with short-term rebounds failing to break through the $67,000 mark. Meanwhile, Trump's tougher stance towards Iran has intensified geopolitical tensions. Rising energy prices are increasing inflation expectations, thereby weakening market bets on interest rate cuts (which previously served as a key support for Bitcoin's rise). Data shows that wallets holding between 1,000 and 10,000 BTC have cumulatively reduced their holdings by approximately 188,000 BTC since last year's peak. At the current price, nearly half of all Bitcoin is in an unrealized loss position, indicating clear signs of market pressure. (CoinDesk)