Bull Trap or Resilience? BTCs Liquidity Shock Amidst the Middle East Crisis
Bitcoin trades near $66,655 after clearing the $65,711 resistance level during a volatile session.CryptoQuant data shows exchange reserves near 2.7 million BTC as available trading supply continues to decline.One analyst reported a 13,762 BTC exchange inflow, creating short-term selling risk after the breakout. Bitcoins move above $65,711 has placed the latest rally between two opposing on-chain signals. Exchange reserves continue falling, yet a large exchange inflow has raised short-term distribution risk. Price remains above former resistance, but the supporting data does not point in one direction. Notably, BTC later traded near $66,655 after ranging between $64,772 and $66,872. Meanwhile, wider Middle East tensions added another source of volatility as the Houthis declared a blockade against Saudi shipping. Maritime risks now cover both Gulf and Red Sea routes. Bitcoin Breakout Meets Geopolitical Pressure GugaOnChain recorded Bitcoin near $66,368 when the asset cleared $65,711 resistance. His analysis placed the Keynes liquidity preference metric at 4.73%. That reading remained above the posts stated exhaustion threshold, below 4%. GugaOnChain also reported a 13,762 BTC exchange inflow during early Asian trading. He said the breakout lacked clear institutional volume. His assessment linked the transfer increase to possible distribution near an overbought technical area. Regional risk developed at the same time. Yemens









