$BTC

Tensions escalate between Israel and Iran, Bitcoin seeks balance amid volatility.

Recently, global financial markets have been on edge due to tensions between Israel and Iran. While Bitcoin ($BTC) once dipped below $103,000, it has now stabilized around $106,000.

Although tensions in Middle Eastern geopolitics have not eased, a report from Singapore trading company QCP mentioned that even though recent market volatility led to over $1 billion in Bitcoin long positions being liquidated, blockchain data shows that large institutional buyers continue to provide strong support for the market.