According to online reports, Cryptoquant analyst Axel Adler Jr released market analysis saying that a total of 14,700 BTC units were sold on the centralized trading platform in the past 24 hours, of which 14,700 were sold at a loss and 3100 were sold at a profit. Short-term currency holders cashed in a total of 17,800 BTC, with a net sale of 11,600 BTC. Bitcoin's decline comes as the United States attacked three Iranian nuclear facilities last weekend and joined Israel in the ongoing war with Iran. Markets are currently on high alert due to possible Iranian responses, including threats to American personnel in the region and the possible closure of the Strait of Hormuz.