Trump: ‘It will all work out’ as Bitcoin slips under $73,000

U.S. military strikes on Iranian targets resumed this week in the Middle East. President Donald Trump posted on Truth Social, ‘Just sit back and relax, it will all work out well in the end – It always does!’ The return of hostilities coincided with volatility in cryptocurrency markets and a modestly stronger start for U.S. stock futures.

Bitcoin dropped below $73,000 hours into the new trading week. Exchange order-book data showed a large buy interest near $72,000 and a concentrated sell interest near $80,000. Traders identified those levels as focal points for short-term price moves.

Short-term technical levels included roughly $74,200 as immediate resistance and about $72,700 as near-term support. One market participant flagged a nearby CME Group Bitcoin futures level near $75,000 as a potential target. The CME futures market now operates almost continuously, reducing the frequency of traditional overnight price gaps.

Derivatives metrics shifted toward long bias. Perpetual funding rates moved net positive and a three-day rolling average approached levels last seen at the start of the year. Open interest and funding flows indicated increased leverage on long positions.

Onchain data showed the share of unspent transaction outputs held by long-term holders-coins dormant for more than six months-continued to rise through recent price rebounds. Analysts tracking UTXO age bands noted that growth in the long-term holder share can result from holdings aging in place or short-term holders crossing the six-month threshold into the long-term band.

Economic releases due this week include the Institute for Supply Management’s manufacturing PMI for May and U.S. nonfarm payrolls. Recent personal consumption expenditures data showed a rise in the core goods component of PCE of 2.8 percent. Market participants said those reports could affect risk appetite in the coming days.

U.S. equity futures opened the week modestly higher. Market commentary pointed to optimism around artificial intelligence–related firms and the potential for a U.S.-Iran agreement as drivers for the equity rally.

Some traders highlighted the weekly close as a measure for near-term Bitcoin direction. One analyst wrote that a weekly close above $73,000 would move the price closer to confirming a double-bottom setup. Overall, market participants identified concentrated liquidity around $72,000, stretched derivatives positioning and mixed macro data as immediate factors to monitor.