According to Cointelegraph, the Crypto Fear & Greed Index remains in the 'Greed' zone after the Israeli airstrikes on Iran, with a score updated to 60 on Sunday, despite Bitcoin dropping 2.8% to $103,000.
On Thursday, the index score was 71. Bitcoin was near its historical highs, with a price drop to $105,670. It has increased by 0.07% over the past seven days. Ether fell 10.79% to $2,454 before recovering to $2,534.
Analysts point out Bitcoin's relative strength. Za noted that Bitcoin seems unaffected by the Israel-Iran conflict. Anthony Pompliano referred to Bitcoin as relentless.
Traders are confident that Bitcoin will remain above $100,000; a drop below this level could expose over $1.74 billion in long positions to liquidation risk. Bitcoin ETFs saw an inflow of $137 million for the week, while Ether ETFs experienced a net outflow of $2.1 million.
Bitcoin's price drop was relatively small following the Iranian attacks in April 2024, at that time it decreased by 8.4%.
