BitMEX: IRGC USDT Freeze Boosts Bitcoin | Flash News Detail | Blockchain.News
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4/26/2026 12:51:00 PM

BitMEX: IRGC USDT Freeze Boosts Bitcoin

BitMEX: IRGC USDT Freeze Boosts Bitcoin

BitMEX Research highlights how freezing IRGC's USDT strengthens Bitcoin while debunking petrodollar myths, amid BTC price at $77807.94 eyeing key supports.

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Freezing the IRGC's USDT holdings delivers two sharp insights from BitMEX Research: it directly benefits Bitcoin, underscoring its role as a censorship-resistant asset, and exposes the outdated notion that Iran could undermine the USD by forcing oil trades into non-dollar currencies, ignoring modern drivers like global liquidity and reserve status in a world where BTC increasingly challenges traditional finance.

Zooming into the 4-hour BTC chart, price action at $77807.94 clings to a bullish structure with the EMA50 at $76875.15 acting as immediate support and the EMA200 at $73501.9 reinforcing longer-term floors, yet the MACD death cross at 201.51 signals building bearish momentum that could force a test of that EMA50 before any resumption; meanwhile, neutral RSI at 53.21 keeps options open, but with price trading snug inside Bollinger Bands—upper resistance at $78383.16 capping upside and lower support at $77140.26 offering a cushion—a confluence here points to volatility exhaustion, likely drawing in dip buyers if we dip toward those bands amid broader BTC price prediction debates, petrodollar shifts, and crypto market resilience.


BitMEX Research

@BitMEXResearch

Filtering out the hype with evidence-based reports on the cryptocurrency space, with a focus on Bitcoin.