According to reports from Wu Shuo, QCP Capital analysis points out that despite the renewed tensions in the Middle East, BTC remains relatively stable. After dropping to $102800 last Friday due to news about Iran-Israel, it has recovered to around $107000.
Institutional buying continues, with Metaplanet and several spot ETFs rising for seven consecutive weeks, supporting market sentiment. Currently, BTC and other major assets have not shown obvious signs of panic against the backdrop of geopolitical risks.
Future attention is still needed on the movements in the Strait of Hormuz and the potential impact of further escalation risks on the market.
