Bitcoin Crashes Amid US-Iran Attacks? Arthur Hayes and Novogratz Reveal What’s Next!

Updated

June 24, 2025

Gambar Bitcoin Crashes Amid US-Iran Attacks? Arthur Hayes and Novogratz Reveal What’s Next!

Jakarta, Pintu News – Bitcoin price briefly fell below $98,500 after the US attacked Iran’s nuclear facilities, sparking panic amid global crypto and cryptocurrency markets.

However, the quick rebound to above $100,000 suggests the potential for an early recovery, supported by optimistic comments from figures such as Arthur Hayes and Mike Novogratz.

Meanwhile, on-chain analysts and ETF experts say that this selling pressure is only short-term. Now, all eyes are on geopolitical factors such as oil prices, on-chain data, and institutional sentiment, which could determine the next direction of Bitcoin.

Arthur Hayes and Mike Novogratz are optimistic about Bitcoin’s recovery

Do you hear that? … it’s the sound of the money printers revving up to do their patriotic duty. This weakness shall pass and $BTC will leave no doubt as to its safe haven status. pic.twitter.com/PTfZaAXFp7
— Arthur Hayes (@CryptoHayes) June 22, 2025

BitMEX co-founder Arthur Hayes thinks Bitcoin’s drop below $98,200 was temporary, and the rebound to the $101,000 level is proof of the digital asset’s strength as a safe haven. Hayes even mentioned, “Do you hear that? … the sound of the money printers revving up,” signaling inflation and U.S. money printing will increase demand for Bitcoin.

Thinking about how this plays out:
I don’t see Iran as having a strong counter punch. Without air defense you are really vulnerable. They will have to saber rattle and make a few symbolic moves but I don’t think they want the wrath of another attack from above. If it plays…
— Mike Novogratz (@novogratz) June 23, 2025

On the other hand, Galaxy Digital CEO Mike Novogratz stated that Iran is unlikely to launch a major counterattack, so geopolitical tensions are believed to be easing. Novogratz added that the next 72 hours are crucial for Bitcoin and the global market; if there is no escalation, the price is likely to recover dramatically before the weekend.

Also read: Bitcoin (BTC) Breaks $100,000, Tether (USDT) Hits 2 Billion on Tron!

ETF Experts Remain Confident: Spot ETFs to Support Prices

On the institutional front, ETF Store’s Nate Geraci highlights the spot Bitcoin ETF’s outperformance over gold, the S&P 500 and US bond yields this year. In fact, the spot Ethereum ETF has recorded capital flows 25 out of the last 30 days.

Meanwhile, Bloomberg’s Eric Balchunas stated that the anti-US sentiment favored by some is still underestimated; commitment to US equities remains resilient and there are no stronger investment alternatives yet.

On-Chain Data: Holders Remain Firm, Volume Increases

Quiet Consolidation: Long-Term Holders Still Holding, Not Selling

“Historically, Bitcoin’s explosive rallies tend to occur when market attention fades and sentiment is quiet, making the current silence potentially a precursor to the next big move.” – By @avocado_onchain pic.twitter.com/lLszUu3KpB
— CryptoQuant.com (@cryptoquant_com) June 23, 2025

According to CryptoQuant, long-term holders of Bitcoin are still reluctant to sell, creating a consolidation phase that often precedes major rallies. This suggests the potential for a bigger rebound in the coming time

Currently, Bitcoin price has risen about 2% from its intraday low, trading around $101,225 (± Rp1.66 billion). Daily trading volume increased by almost 40%, indicating trader interest is growing again,

Risks Remain, Focus on Macro and Energy Data

Although the initial rebound was promising, abstention or bearish positions increased: more than $1.4 billion of bearish contracts were arranged by traders after the US attack on Iran. Claims that Iran will close the Strait of Hormuz are also still considered speculative.

Arthur Hayes added that US fiscal expansion, such as strategic oil purchases or money printing, provides long-term support to Bitcoin through the asset value mechanism. However, on-chain data warns that support in the $98,000-$100,000 range is key-a break below it could trigger a further correction.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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