BTC rose more than 4% in the past 24 hours: the escalation of the US-Iran conflict sparked safe-haven demand, and institutional funds continued to pour in.

On July 14, 2026 (UTC), BTC rebounded within 24 hours from a $62,294.7 low to around $65,002.6, rising about 4.27%. That day’s candlestick close inched up 0.17%, with a price range of 62,273.7-62,485.9 USDT and an amplitude of 0.34%. The order book shows an extreme buy-dominant posture, with a buy/sell depth ratio as high as 46.82. Market attention surged rapidly, and risk-averse sentiment became the dominant tone in the short term.

The core driver behind this spike is the full-scale escalation of the US-Iran military conflict. On July 15, the US launched consecutive strikes on Iranian targets, restarting a maritime blockade of the Strait of Hormuz. Attacks on tankers by Iran’s Islamic Revolutionary Guard Corps raised the risk of the strait closing. Oil prices then jumped to a one-month high of $85 per barrel, and gold rebounded to $4,013. This geopolitical crisis chain significantly boosted market recognition of BTC’s “digital gold” hedging attribute, with funds rapidly shifting from traditional markets to crypto assets.

Meanwhile, institutional capital continues to pour in to form a cumulative force. Companies such as MicroStrategy continue to add to holdings; ETF products see strong inflows. With easing US-China trade tensions alongside a weakening US dollar, BTC is endowed with a dual identity of “gold-like plus tech-growth-stock-like,” attracting incremental allocations. Improving US Federal Reserve inflation data (June CPI fell to 3.5%) eased short-term tightening pressure and provided a liquidity buffer for risk assets. However, technical signals contain warnings: the 1-hour RSI has entered an overbought zone, the 4-hour MA remains skewed bearish, and while the daily MA has turned bullish, ADX is only 19.1—insufficient trend strength.

In the short term, watch for the risk of a technical pullback. Key levels include the $65,100 resistance overhead (a breakout could target $66,000-$67,000) and support from a large buy wall at $65,000 below. Micro-level order book structure shows buys are concentrated but sells are thin; if large buy orders are canceled, it could trigger a liquidity vacuum. Closely monitor the trajectory of the US-Iran conflict and the Fed’s July policy meeting—risk-hedging premiums may fade quickly. It is recommended to handle leverage operations cautiously.