NewsMV
$BTC crossed the $65,000 threshold, according to Pluang, driven by two converging forces: a reduction in Middle East geopolitical risk and a pickup in buying from large wallet holders — the addresses crypto markets call whales.
The combination was enough to push the token through a round-number level that had acted as resistance. The Geopolitical Lever Risk assets, including crypto, tend to reprice quickly when acute geopolitical fear fades.
Traders who had rotated into cash or hedges during a period of elevated Middle East tension appear to have unwound those positions as the outlook calmed.
Bitcoin, which sometimes trades as a risk-on asset and sometimes as a haven depending on the narrative of the week, benefited from the shift.
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