On-chain analyst Darkpost analyzed that BTC selling pressure has increased following the collapse of peace negotiations between the US and Iran. He stated, "Market expectations were dashed after the negotiations ended without success. In particular, $1 billion worth of sell orders flooded Binance within an hour. The perpetual futures funding rate remains in negative territory, supporting a dominant bearish outlook. While downside pressure is strong in the short term, cases where the market moves contrary to expectations frequently occur when such a one-sided consensus is formed. However, in a bear market, these counter-directional movements tend to be limited."
