Let AI analyze the trends of Bitcoin prices in past Middle Eastern conflicts based on available information and market observations, as well as the potential impact on Bitcoin prices if the U.S. formally intervenes in the Iran-Israel war. It is important to note that the cryptocurrency market is influenced by various factors, including geopolitics, macroeconomic policies, and market sentiment, thus these analyses are merely speculations based on historical trends and the current context.

Trends of Bitcoin Prices in Past Middle Eastern Conflicts

Looking back at several major conflicts in the Middle East, the outbreak of war typically has a short-term negative impact on risk assets (such as Bitcoin), but the long-term trends may vary depending on specific events and market reactions. Here are observations based on historical data:

• 2022 Russia-Ukraine War: When the Russia-Ukraine conflict escalated, Bitcoin prices experienced a decline of about 10%-13%. This indicates that at the onset of significant geopolitical crises, investors tend to withdraw from high-risk assets and turn to traditional safe-haven assets such as gold or the U.S. dollar.

• October 2023 Israel-Palestine Conflict: At the start of the conflict, Bitcoin dropped about 6%, showing similar risk-averse behavior, but the decline was relatively small, possibly because the market had partially digested the tensions.

• 2024 Israel Airstrikes on Iran: This incident caused Bitcoin prices to fall by about 5.5%, reflecting the impact of escalating tensions in the Middle East on market confidence.

• June 2025 Iran-Israel Conflict: According to recent developments, after the conflict escalated, Bitcoin briefly dropped over 4%, hitting a low of about $103,000, before recovering to the $106,000-$107,000 range. This indicates that the market's reaction to the current situation is quite complex, facing selling pressure in the short term, but without a full-blown panic.

Overall, at the onset of large-scale wars, Bitcoin as a risk asset typically faces selling pressure, with declines ranging from 4%-13%, depending on the magnitude of the conflict and the stability of the global economic environment. Subsequently, the market may rebound based on the situation's developments (e.g., whether the war ends quickly or escalates), especially when Bitcoin is seen as 'digital gold', which may attract safe-haven funds.

Potential Impact of U.S. Formal Intervention in the Iran-Israel War on Bitcoin Prices

If the U.S. formally intervenes in the Iran-Israel war (for example, through military action or full support for Israel), Bitcoin prices may be influenced by the following factors:

1. Short-term Decline Risk:

◦ U.S. intervention is usually seen as a signal of conflict escalation, which may exacerbate global market uncertainty. Historical data indicates that significant international intervention (such as direct U.S. military involvement) often leads to further pressure on risk assets. Based on previous Middle Eastern conflict experiences, Bitcoin may face an additional decline of 5%-10%, potentially dropping below $100,000, approaching the $95,000-$100,000 range.

◦ Market sentiment may shift towards traditional safe-haven assets (such as gold, currently priced around $3,400/ounce, and oil prices rising about 6% due to tensions), weakening Bitcoin's 'digital gold' narrative.

2. Mid-term Volatility and Divergence:

◦ If U.S. intervention leads to a swift end to the war (e.g., the collapse of the Iranian regime or the conflict being controlled), Bitcoin may rebound, with increases potentially reaching 10%-15%, returning above $110,000. This is because the market may view the prospects for peace as positive, attracting risk capital again.

◦ Conversely, if the war escalates into a long-term conflict or affects the global supply chain (such as oil supply disruptions), Bitcoin may face more significant adjustments, potentially falling below $90,000, especially against the backdrop of Fed rate hikes or heightened inflation.

3. Long-term Potential Opportunities:

◦ Some market views suggest that geopolitical turmoil may enhance Bitcoin's appeal as a decentralized asset, particularly in the context of losing faith in traditional financial systems. If U.S. intervention raises questions about dollar hegemony, Bitcoin could become a safe-haven asset in the long term, with prices gradually recovering and breaking historical highs.

◦ However, this depends on the global economic environment and policy responses, such as whether the Fed maintains or tightens monetary policy.

Key Variables and Uncertainties

• Trump's Decisions: The current direction of U.S. policy may be determined by leadership. If the intervention primarily involves limited military actions, the impact may be smaller; if it escalates to full-scale war, market panic could intensify.

• Market Leverage Levels: Recent data indicates an increase in Bitcoin's open contracts, with concentrated leverage potentially leading to liquidation risks (such as over $1.1 billion liquidated in the past 24 hours), amplifying price volatility.

• Performance of Other Assets: The movements of gold and oil prices will compete with Bitcoin; if safe-haven funds lean more towards these traditional assets, Bitcoin may face pressure.

Summary

Historical trends show that at the onset of large-scale wars in the Middle East, Bitcoin prices typically decline by 4%-13%, depending on the severity of the conflict. If the U.S. formally intervenes in the Iran-Israel war, Bitcoin may further decline by 5%-10% in the short term, dropping to the $95,000-$100,000 range; if the war ends swiftly, it may rebound above $110,000; if it escalates into a long-term conflict, falling below $90,000 is also possible. In the long term, Bitcoin's trajectory will depend on changes in global economic policy and confidence in the dollar.

Due to the complex geopolitical situation and potentially incomplete information, these predictions carry a high degree of uncertainty. It is recommended to pay attention to real-time news and market data to adjust judgments. Would you like me to further search for the latest developments or generate a price trend chart?