BTC 15-minute sharp drop of 0.35%: Escalation of the U.S.–Iran conflict triggers a short-term selloff

From 06:45 to 07:00 (UTC) on July 15, 2026, BTC tumbled sharply by 0.35% within 15 minutes. The price moved within 64,811.5–65,068.1 USDT, with a swing of 0.39%. Earlier, over the previous 24 hours, BTC had gained about 3.45%, reaching a high of $65,267. It is currently consolidating at elevated levels above $64,800, as market volatility has intensified.

The primary drivers of this market move are a renewed escalation in the US–Iran military conflict. The US has restarted a naval blockade of the Strait of Hormuz and launched a new round of strikes. Iran retaliated by attacking US bases in Kuwait and Jordan, causing geopolitical risk to spike rapidly. Oil prices surged by 8% in a single day, triggering inflation concerns and prompting funds to rotate out of traditional safe-haven assets such as gold and into BTC.

At the same time, US June CPI came in below expectations. Core CPI year-over-year was only 2.6%, below the forecast. After gold pulled back from its $4,100 high, some funds rotated in turn to BTC. Fed Chair Warsh did not provide clear guidance on an interest-rate path; this policy uncertainty supports the logic for crypto asset allocation. In addition, ADX on the 1-hour timeframe reached 42.7, confirming a short-term uptrend, but the 15-minute MA flipped bearish and ADX was only 14.4—super-short-term momentum has weakened, leading to short-term profit-taking.

Currently, the order book around $64,806 shows a symmetrical large order wall (about 0.26 BTC for both longs and shorts), and near-term direction selection is getting closer. Keep an eye on the $65,267 resistance level and the $64,600 support level. If oil prices continue to rise, it may create a double-edged effect on BTC by reviving a stagflation narrative.