US-Iran tensions escalated over the weekend with drone incidents and retaliatory strikes, pushing oil higher and adding risk-off pressure across markets. Trump's nuclear negotiations appear to be failing with allies questioning US regional protection capabilities. Dollar index holding steady at 99.06 while 10Y yields rise to 4.47%, creating headwinds for risk assets including crypto.
Bitcoin under pressure at $70-71k following MicroStrategy's first BTC sale since 2022 (32 BTC sold last week), though BTC ETF flows remain strong with $243M inflows over 7 consecutive days. All major alts showing bearish structure with strong ADX readings indicating momentum continuation. DEX volumes elevated at $8.39B (+32% vs 7d avg) suggesting increased trading activity amid volatility.