Late-night breaking news has been rolling out one after another—could this be the real culprit behind Bitcoin's crash?

Yesterday, Israel and Lebanon held talks in the U.S. Early this morning, a U.S. official said that the U.S. government would stop maritime oil sanctions against Iran. After that, subsequent U.S. media reports also verified this—more than 20 merchant ships have already passed through the Strait of Hormuz. With the route opened, crude oil fell at the same time. Gold, thanks to its safe-haven properties, became the main refuge and surged sharply!
At the same time, the Federal Reserve's probability of not cutting rates in April remains at 99.5%. Congressman Goolsby added insult to injury, stating: because oil prices will drive inflation for 26 years, rate cuts may not be considered until 2027. The institutions betting on a 26-year rate cut are, one after another, trimming their Bitcoin holdings.
On-chain data shows that in this phase of the 7,600-point advance, the real-time net inflow is relatively small, while the price increase is mainly driven higher by news sentiment and appears inflated. The 7,600 sell-pressure is huge. This is the profit-taking position that most “dotes” traders have chosen to close out. And it has been said before—short in batches between 7,450 and 7,600. The price action also confirms this. At the moment, unrealized gains are over 2,000 points. Chasing longs from here is only something you learn from after the fact.
Now, speaking of Ethereum: it follows the trend of the big coin, but the trend is clearly weaker. Yesterday, after getting short just above the 2,400 level, the low dropped and fell below 2,300. If you followed along, you still managed to take a bite to some extent.
$BTC