Bitcoin traded between $82,807 and $84,545 on Tuesday as escalating rhetoric between Washington and Iran over the Strait of Hormuz, higher Brent crude prices and rising Treasury yields limited the cryptocurrency's near-term upside. On Sept. 29, 2026, broader crypto-market liquidations erased $195 million in long positions, compared with about $125 million in short positions. Bitcoin-specific liquidations were capped near $78 million, including more than $44 million in short positions, according to Coinglass. The move followed a rally supported by U.S. Treasury liquidity maneuvers, large spot ETF inflows and retail FOMO, but renewed Middle East tensions redirected capital toward traditional safe-haven assets and raised energy-market risks. Utkarsh Ahuja, founder and managing partner at Moon Pursuit Capital, said bitcoin remains sensitive to liquidity and positioning, with high yields, a stronger dollar and geopolitical uncertainty potentially adding pressure. Kyle Rodda, senior financial market analyst at Capital.com, said surging oil prices were capping non-yielding assets, while bitcoin's technical pattern suggested consolidation within a short-term uptrend if energy risks persist.