BTC 15-minute sharp drop of 0.41%: Escalation in the Iran-Iraq conflict combined with oil prices breaking above $100 adds pressure; near the $68,000 resistance level, it hits a wall and pulls back.

July 24, 2026, 09:00–09:15 (UTC). Within 15 minutes, BTC plunged 0.41%, trading in the range of 65,045.5–65,318.0 USDT, with an Ampl of 0.42%. The current offer is $65,127. Over the past 24 hours, it is down about 0.87%. It has stalled and pulled back near the $68,000 key resistance level. Market volatility has increased, but overall Filled Amount remains at a normal level of 512.58 BTC/hour, and there has been no panic-driven surge in volume.

The main driver behind this move is the full-scale escalation of the Iran–U.S. military conflict. Iran launched drone and missile attacks on U.S. bases in Qatar, Jordan, Bahrain, Iraq, and Kuwait. The U.S. responded with B-1 bombers striking Iran’s military infrastructure while reimposing a naval blockade on the Iran side. Geopolitical risk has surged, pressuring risk-asset sentiment. At the same time, Trump threatened that for each Iranian attack on ships in the Strait of Hormuz, the U.S. would destroy an Iranian bridge or power plant, suggesting the conflict could further escalate.

Second, oil prices are nearing $100, lifting inflation expectations and rate-hike expectations. Brent crude broke above $100 per barrel. The market is pricing in the possibility that the Fed may raise rates in September. Upward pressure on interest rate expectations creates valuation headwinds for BTC and other non-yielding assets. Gold fell 0.4% from a two-week high to $4,030, and silver dropped 4%. Safe-haven precious metals face the same pressure, and the “digital gold” narrative for BTC is damaged. In addition, sell pressure is concentrated in the Order Book; the buy/sell ratio of 0.44 indicates sell orders clearly dominate. The 4-hour moving averages have turned bearish, and the technical picture aligns with a bearish direction.

The market has not yet entered a full risk-off mode, but short-term risk should be treated cautiously. Key resistance to watch is the $65,800–$68,000 range, while support lies at $64,651 and the $63,000 psychological level. Going forward, it is necessary to continue monitoring whether the Iran–U.S. conflict escalates further, the Fed’s July 29 policy statement and Jerome Powell’s wording, and the price trend of Brent crude.