BTC drops 0.42% in 15 minutes: escalation of the US-Iran conflict triggers short-term selling pressure, but safe-haven support remains

On July 10, 2026, from 14:00 to 14:15 (UTC), BTC dropped 0.42% within 15 minutes. The price ranged from $64,196.2 to $64514.1 USDT, with an amplitude of 0.49%. Short-term pullbacks appeared, but overall BTC is still up about 2.34% over the past 24 hours. Current trading is around $64,312, and market volatility is increasing.

The main driver behind this unusual move is a sharp escalation in the military conflict between the US and Iran. The US military launched intensive strikes on more than 170 targets in Iran this week—its most severe offensive since the ceasefire in June. The scale is 17 times larger than the previous strike. Iran retaliated with missiles and drones targeting bases in Kuwait, Bahrain, Qatar, and Jordan. Disputes over control of the Strait of Hormuz have intensified, global energy supply concerns have risen sharply, and safe-haven capital has flowed into assets such as BTC.

Additionally, multiple factors have converged: the DXY weakened to 100.80, providing upward support for BTC; gold rose in tandem by 1.13% to $4,120 per ounce, confirming consistency with the safe-haven narrative; and the Fed’s June meeting minutes indicated officials are inclined to raise rates while inflation remains persistently high. The Middle East situation has pushed up oil prices, further intensifying inflation expectations. However, the technical picture faces pullback pressure: the 1-hour RSI has entered the overbought zone, and at $64,312.6, the order book shows a large sell wall (0.2515 BTC, accounting for 66.6% of the total sell orders in the top five sell orders), creating short-term resistance.

With volatility risk increasing, future focus should be on progress in US-Iran negotiations, developments in the Strait of Hormuz situation, and the Fed’s policy direction. Key support is at $64,299 (a large buy order on the order book). Near-term resistance is at $64,607–$65,000. If the safe-haven premium diminishes, BTC may face a short-term pullback.