Odaily Planet Daily reports: The U.S. Department of Defense is preparing for a decisive strike against Iran; the Pentagon has developed military plans including ground forces and large-scale bombings. As Trump’s pause on strikes against Iran expired on Friday, Bitcoin fell below $70,000 again, recording a 3% decline over the past 24 hours.
Glassnode indicates that Bitcoin's short-term holding cost at $70,200 serves as a key support level, but limited buying accumulation means the risk of a breakdown cannot be ignored; Tim Sun, Senior Researcher at HashKey Group, believes this level may be tested repeatedly, and the current rebound relies on leverage, making price retracement likely if sentiment reverses.
On a macro level, last month’s VIX futures volatility surged to 388.2—the highest in nearly six months—four times the average level of market panic. The Kobeissi Letter noted that global market uncertainty is now unprecedented, further amplifying volatility risks for crypto assets. (Decrypt)