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>>Bitcoin dipped below $80,000 after Iran declared the U.S. Strait of Hormuz deal unrealistic and rejected it.

Bitcoin dipped below $80,000 after Iran declared the U.S. Strait of Hormuz deal unrealistic and rejected it.

crypthub

about 5 hours ago

Market Reaction

Bitcoin slipped below $80,000, trading around $79,840, after a 1.8% 24‑hour drop from an intraday high of $81,705. The decline followed Iran’s rejection of a U.S. proposal to reopen the Strait of Hormuz without war‑damage reparations, reigniting geopolitical risk. Traders viewed the Strait as a key factor for oil prices, inflation expectations, and risk‑asset demand, dampening sentiment that had lifted Bitcoin earlier in the week.

Profit‑Taking Dynamics

On‑chain data showed strong profit‑taking, with realized profits hitting 14,600 BTC—the highest since December 2025. The Short‑Term Holder SOPR rose above 1, indicating newer holders sold at a gain, while unrealized profit margins reached 18%, the highest since June 2025. Analysts note that such conditions often trigger further distribution, though spot demand and futures activity remain relatively stable.

Technical Outlook

Bitcoin now hovers near the $79,000‑$80,000 support zone and its 200‑day EMA around $82,200. Liquidity pools cluster at $75,000, $73,000 and $70,000, making a break below $80,000 a risk for a move toward $73,000‑$74,000. On the upside, resistance sits at $86,500; a clear breach could open a path to $90,000‑$92,000.