QCP: The tensions in Iran have triggered market fluctuations, and the Bitcoin market is at a critical turning point.

According to Deep Tide TechFlow news, on June 23, QCP released a brief stating that Bitcoin briefly fell below the psychological barrier of $100,000 on Sunday, hitting a low of $98,200, marking a new low since breaking $100,000 on May 8. This decline was triggered by Iran's threat to close the Strait of Hormuz, leading to over $1 billion in positions being liquidated in the Crypto Assets market. However, Bitcoin returned above $100,000 on Monday morning, indicating that the weekend's pullback was mainly driven by macro factors. Despite Iran's threats of retaliation, the market seems to believe that the likelihood of significant conflict escalation is limited, as the U.S. is working to suppress Iran through diplomatic channels, which has helped stabilize the market. Traditional markets reacted calmly as well, with U.S. stock futures, oil, and gold prices returning to Friday levels after initial fluctuations, with investors viewing this as a regional risk rather than a global crisis. Analysts point out that the Bitcoin market is at a critical turning point, balancing risk appetite and safe-haven demand amid geopolitical uncertainties.