US-Iran Tensions, Government Shutdown, Winter Crisis: Is Bitcoin About to Face a Crash?

According to a report by Bijie Network: Affected by multiple macro risk factors, the price of bitcoin dropped by more than 6%, at one point approaching $83,000. These factors include escalating tensions between the US and Iran, growing concerns over a potential US government shutdown, and severe winter storms damaging North American infrastructure. The sell-off lacked strong buying support, reflecting forced liquidations and potentially weak demand. The US spot bitcoin ETF has turned into a net outflow year-to-date, and on-chain retail trading activity has also shrunk significantly, confirming this trend.