Bitcoin’s price is unlikely to see a sharp, broad correction in the days following the US military strike on Venezuela, according to MN Trading Capital founder Michael van de Poppe.
Analyst view
Van de Poppe wrote on X:
“I don’t think we’ll see a widespread correction based on the attack in Venezuela on Bitcoin.”
The strikes reportedly began around 6:00 a.m. UTC on Saturday and lasted about 30 minutes.
Van de Poppe described the action as a “planned and coordinated attack” that has “already passed us,” arguing the odds of “more negativity on the markets” are “relatively slim.”
Price action near $90,000
Bitcoin rose about 1.66% over the past 24 hours to reclaim the $90,000 level.
BTC was trading around $91,290 at the time of publication.
Liquidations and recent war-driven moves
Over the last 24 hours, about $60.04 million in leveraged bitcoin positions were liquidated.
Shorts accounted for $55.01 million of that total.
Bitcoin has previously dropped during periods of geopolitical escalation, including Iran-Israel tensions and the Russia-Ukraine war.
In June 2025, bitcoin fell 2.8%—from $106,042 to $103,053—within 90 minutes after explosions in Tehran later attributed to Israel.
Crypto analyst Tyler Hill said markets tend to “nuke” when investors expect conditions to worsen afterward.
Crypto analyst Shagun Makin added that bitcoin has shown it can “stay firm” amid “geopolitical noise,” reinforcing confidence it can hold above $90,000.
