Bitcoin Price Crash to $45,000 Coming As US-Iran Peace Talks Fail

Key Insights:

• US-Iran war tensions triggered risk-off sentiment, pushing Bitcoin price below $67,000, while oil surged to $110 per barrel.
• Crypto Patel said BTC price breakdown below $66,000 and failed retest near $69,000 could lead to a $45,000 target.
• CryptoQuant reported 188,000 BTC whale distribution, while U.S. spot Bitcoin ETFs saw $174 million outflows.

Bitcoin’s price crashed after US President Donald Trump’s speech and update on the US-Iran war. President Trump escalated the war rhetoric, sending global markets into a tailspin. BTC price crashed quickly by $2,000, while the crude oil price has now surged to $110 per barrel.

Bitcoin Price Crash to $45,000 Coming?

Market analysts believe a Bitcoin price crash to $45,000 could be imminent after repeated rejections at $70,000. In his recent speech, President Trump poured cold water over any possibility of de-escalation in the ongoing US-Iran war. Instead, he signaled continued military pressure.

During the speech, Trump warned that U.S. military operations against Iran would continue for the next two to three weeks. He also warned that Iran could be pushed “back to the stone age,” reinforcing a more aggressive stance.

This has triggered a major panic sell-off across the crypto and global markets. Bitcoin price is seeing strong selling pressure. Bitcoin fell below $67,000, dropping to near $66,500, while Ethereum declined toward $2,000 alongside broader altcoin losses. Analysts attributed the move to rising geopolitical uncertainty and reduced investor risk appetite.

Popular analyst Crypto Patel predicts further major downside and a BTC price crash coming. According to Patel, Bitcoin has already broken below the $66,000 support level and completed a bearish retest near $69,000. This shows that BTC is failing to hold on the upside.

The analyst noted that continued trading below $69,000 could push Bitcoin toward a $45,000 downside target. However, Patel added that a move above $72,000 would invalidate the bearish outlook.

Bitcoin Price Drop Amid Strong Whale Selloff

Blockchain analytics firm CryptoQuant reported that Bitcoin whales have shifted from accumulation to distribution. This signals growing selling pressure in the market.

According to CryptoQuant, wallets holding 1,000 to 10,000 BTC are now actively reducing their holdings. Over the past year, these large holders have recorded net outflows of 188,000 BTC.

The firm noted that the 365-day trend has turned negative. It clearly suggests this is not short-term selling but a structural distribution phase. Analysts added that sustained whale selling could increase downside risks for Bitcoin price if demand fails to absorb the supply.

Blockchain analytics firm CryptoQuant reported that cryptocurrency exchange activity has returned to reset levels. According to the firm, current exchange activity is approaching previous support zones that historically marked market resets.

However, analysts warned that if activity falls materially below these levels, it could signal weakening participation. CryptoQuant added that a sustained decline in exchange activity may indicate deeper deterioration in market engagement.

Spot Bitcoin ETF Outflows Surge

Amid this Bitcoin price correction, outflows from spot Bitcoin ETFs have been rising. On Wednesday, April, Us Bitcoin ETFs saw a net outflow of $174 million. This shows institutional caution amid market volatility.

Despite the broader outflows, Grayscale’s Grayscale Bitcoin Mini Trust (BTC) posted the largest single-day net inflow among spot Bitcoin ETFs, attracting $10.25 million. Market participants noted that mixed flows across Bitcoin ETFs highlight divided institutional sentiment.

BlackRock’s iShares Bitcoin Trust (IBIT) recorded net outflows of 1,270 Bitcoin, valued at approximately $86.56 million. Despite the outflows, the ETF posted $1.3 billion in trading volume. This reflects continued investor activity in the BTC market.

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