Bull Trap or Resilience? BTC’s Liquidity Shock Amidst the Middle East Crisis
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Bitcoin traded near $66,655 after clearing $65,711 resistance and oscillating between $64,772 and $66,872 in a volatile session. On-chain data shows exchange reserves around 2.7 million BTC as available trading supply declines, but a reported 13,762 BTC CEX inflow increases short-term selling and liquidity risk amid broader crypto volatility tied to Middle East tensions.
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- Bitcoin trades near $66,655 after clearing the $65,711 resistance level during a volatile session.
- CryptoQuant data shows exchange reserves near 2.7 million BTC as available trading supply continues to decline.
- One analyst reported a 13,762 BTC exchange inflow, creating short-term selling risk after the breakout.
Bitcoin’s move above $65,711 has placed the latest rally between two opposing on-chain signals. Exchange reserves continue falling, yet a large exchange inflow has raised short-term distribution risk. Price remains above former resistance, but the supporting data does not point in one direction.
Notably, BTC later traded near $66,655 after ranging between $64,772 and $66,872. Meanwhile, wider Middle East tensions added another source of volatility as the Houthis declared a blockade against Saudi shipping. Maritime risks now cover both Gulf and Red Sea r…
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