#IsraelIranConflict
đ Broad Crypto Market Reaction
#BTC dipped ~2â5% during the peak of tensions, briefly falling below $103,000 before rebounding to around $105,000 .
#ETH dropped around 7â9%, while altcoins like Solana, XRP, BNB, and Dogecoin also saw sharp declines .
The total crypto market cap fell by roughly $140â$230âŻbillionâequating to a 4â7% sell-off .
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đ Risk-Off Behavior
Investors fled risk assets towards traditional safe havens: gold (+1%), U.S. dollar, yen, and Treasuries .
This behavior undermines the âdigital goldâ narrative for #BTC as it didnât act like a crisis hedgeâwhile gold remained strong, Bitcoin lagged .
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âď¸ Technical & OnâChain Insights
Post-dip, Bitcoin rebounded from the ~$102.8k zone, supported around its 50âday moving average. Analysts note a pattern similar to October 2024âan 80% rally followed a major dip .
Onâchain data shows modest exchange inflows and stable Open Interest, signaling that holders and traders didn't panic-sell .
Macro perspective from RaoulâŻPal suggests Bitcoin aligns more with global liquidity trends (M2 supply) than geopolitical shocksâwhich might explain resilience amid the crisis.
