$BTC Jef Anderson, president of the Asia division at STS Digital, told CoinDesk $CD: "The dynamics of the cryptocurrency market between 2021 and today are completely different." He added: "Bitcoin is evolving to become one of the treasury assets, so it is very difficult to extrapolate the chart patterns of an asset that is undergoing huge structural changes."

Anderson added that the price movement over the weekend was "encouraging," noting Bitcoin's stability at around $105,000 even with the back-and-forth between Iran and Israel.

As the saying goes: if the market doesn't drop much due to bad news, it indicates that the big players are likely leaning towards buying.