Bitcoin could be primed for a short squeeze with funding rates hitting a three-month bottom.
Geopolitical escalation, with Iran targeting U.S. bases around the Middle East, could push Bitcoin lower.
Bitcoin dips toward $63,000 amid sharp risk-off sentiment following U.S. and Israel strikes on Iran.
Bitcoin retreats to $65,000 amid a weekend pullback, while Solana, XRP and Dogecoin fall 6%.
Bitcoin erases its bounce while U.S. stocks decline and gold climbs amid escalating macro risks.