Israel-Iran tensions escalate, posing the biggest risk to BTC prices this week.

The price of Bitcoin (BTC) is currently maintaining a stable level around 106,000 USD, despite the recent airstrikes by Israel against Iran. However, according to the founder of Coin Bureau and market analyst Nic Puckrin, the price may undergo a strong adjustment in the short term if Iran closes the Strait of Hormuz — a shipping route for nearly 20% of the world's oil supply — which could negatively impact all risky assets.

Puckrin commented:

"The short-term price fluctuations of Bitcoin will depend on how the Israel – Iran conflict progresses today and over the weekend. The biggest risk is if Iran closes the Strait of Hormuz, oil prices will skyrocket while risk assets will plummet. If this happens over the weekend, the 24/7 trading market like cryptocurrencies will feel the initial shock."

The Hormuz Strait is a strategically important location in the Middle East controlled by Iran | Photo: Bitcoin MagazineNevertheless, he emphasized that the long-term outlook for Bitcoin is not heavily influenced by geopolitical factors but is more closely tied to the weakening of the USD — which has just hit a 3-year low — indicating the long-term price potential of limited supply assets like Bitcoin.

Bitcoin continues to be closely monitored by both retail and institutional investors as an emerging macro asset. However, analysts remain divided in their views as Bitcoin carries both risk and the factor of "store of value," amidst its gradual maturation as an independent asset.

Large capital continues to flow into Bitcoin despite macroeconomic and geopolitical instability

According to CryptoQuant analyst Burak Kesmeci, long-term holders continue to accumulate BTC despite macroeconomic instability and escalating geopolitical tensions.

Specifically, wallets classified as "accumulation addresses" — defined as wallets that have never sold a single satoshi and have been continuously active for the past 7 years — recorded an inflow of up to 30,784 BTC (, equivalent to approximately 3.3 billion USD ) on June 11. This is the highest daily inflow recorded up to the year 2025.

The amount of Bitcoin held in long-term accumulation addresses continues to increase in the long-term upward trend. Source: CryptoQuantKesmeci stated:

"After this strong increase, the total amount of BTC held by accumulation addresses has reached 2.91 million BTC. Their average price is currently around 64,000 USD."

Thạch Sanh