Analyst cites Iran risk, miner selling for recent BTC correction

Prominent crypto analyst Michaël van de Poppe has cited geopolitical risks related to Iran and selling pressure from BTC miners as the key reasons for the recent Bitcoin (BTC) correction. On X, he noted that selling from spot BTC ETFs only began in the last two weeks and that Michael Saylor's purchasing activity failed to significantly impact the market. Poppe suggested the correction was likely caused by the Iran-related issues, miner sell-offs, or a combination of both. He added that with the possibility of de-escalation in Iran now on the table, the correction phase may be nearing its end. Poppe also stated that he is continuing to buy BTC, reasoning that the market never allows for easy profits.