Last year, former President Trump unexpectedly launched an attack on Iran just hours after expressing no intention to do so. Currently, the U.S. President is discussing a deadline given to Iran, suggesting imminent action. Investors are anticipating a potential strike on Iran within the closed market hours on Sunday, adding to the tension. However, the Strait of Hormuz will witness joint military exercises by Iran, China, and Russia during this time. What is the current situation from Iran’s perspective?
Iran Developments
Following Trump’s remarks, there has been an intensified sell-off in cryptocurrencies, exacerbating the already fatigued state of altcoins accustomed to double-digit daily losses. Investors, still haunted by last year’s attacks, fear a recurrence of similar events.
In a recent statement, the Head of Tehran’s Crisis Management Department announced the designation of 82 subway stations in the capital as shelters, stating that supplies are currently being delivered.
Trump has been hinting at an attack, particularly through his statements urging protesters to “resist” and “hold on” as help is on the way, clearly indicating his intentions.
Iran’s Foreign Minister Araghchi criticized the U.S.’s presence and actions in their region, emphasizing that the Revolutionary Guard Corps has always been the guardian of peace and stability in the Persian Gulf and the Strait of Hormuz, vital for navigation freedom and the secure passage of commercial vessels.
Cryptocurrencies and Iran
CENTCOM recently warned Iran about a planned live ammunition naval exercise in the Strait of Hormuz, urging it to be conducted safely to avoid unnecessary risks to international maritime traffic. However, the U.S. forces recognize Iran’s right to operate professionally in international airspace and waters, despite their warnings.
Fox News recently revealed a statement from a senior official of a Gulf Cooperation Council member country, indicating Saudi Arabia’s refusal to allow the U.S. to use its airspace or military bases for potential attacks on Iran. This further highlights the U.S.’s potential initiation of an attack soon.
In a Fox News interview, Trump acknowledged the current negotiations with Iran, stating that past negotiations forced Iran to neutralize its nuclear capabilities unsuccessfully. The outcome of ongoing negotiations remains uncertain.
Similar to last year, Trump’s latest statements suggest a forceful approach towards Iran. The 2025 attacks demonstrated the U.S.’s seriousness, and Trump, swayed by Israeli pressure, views the protests in Iran as an opportunity for regime change.
Turkish on-chain analyst Anıl shared a graph indicating nearly nullified short liquidity, suggesting that if the liquidation wave continues, BTC prices might suddenly surge to $93,000, nullifying $10 billion. While the trend is currently bearish for BTC, it doesn’t guarantee an absence of liquidity hunting games in the upcoming 1 to 2 weeks period.
