Analyst: BTC sell-off intensifies as US-Iran talks collapse

BTC sell pressure has increased following the breakdown of ceasefire negotiations between the U.S. and Iran, according to on-chain analyst Darkfost. He noted that the market's expectations were dashed when the talks ended without a resolution, leading to a surge in sell orders, including $1 billion worth on Binance within a single hour. Darkfost also pointed out that perpetual futures funding rates remain in negative territory, supporting a prevailing downward market view. While short-term downward pressure is strong, he acknowledged that markets frequently move contrary to expectations when such a one-sided consensus forms. However, the analyst cautioned that these reverse movements tend to be limited during a bear market.