On July 25, border clashes between Thailand and Cambodia escalated, with Thailand deploying F-16 fighter jets and Cambodia filing a UN complaint. The conflict has raised global concerns about supply chain stability in Southeast Asia. As geopolitical tensions mount, Asian markets have seen rising risk aversion, with capital flowing into gold and the U.S. dollar.
Crypto markets mirrored this trend, with BTC breaking below the key $115,000 support. Liquidation data shows a strong resistance wall between $120,000 and $121,500.
Bitunix Analyst’s View:
Geopolitical risks have worsened near-term sentiment. If BTC fails to reclaim $115,000 quickly, a second dip toward $112,300 may follow. Traders are advised to stay cautious—weak rebound volume could invite further selling. Monitor how markets react to Southeast Asia headlines and watch for VIX movements; rising volatility could prolong risk-off pressure. Manage leverage and exposure conservatively.
