Iran strikes sustain Hormuz pressure as Bitcoin stays inside 64,000-64,500 dollars.

Bitcoin trades near 64,400 dollars inside a tight band where exchange outflows continue but fail to lift price. MVRV at 1.22 leaves little room for sellers to exit without realizing losses, yet volume stays low and sentiment pinned in fear territory. US-Iran strikes keep energy supply lines under direct threat even as Brent hovers near 89 dollars, while the 10-year yield sits steady at 4.69 percent. The contradiction sits in the network: hashrate near 900 EH/s shows no sustained miner expansion despite price stability and no difficulty-driven rebound yet. Will persistent Gulf friction force a repricing of dollar liquidity before the next FOMC, or will it remain contained while Bitcoin stays range-bound?