PANews June 22 news, according to CoinDesk reports, CoinDesk Research analysis indicates that Bitcoin was not affected by the US intervention in the Israel-Palestine conflict, experiencing a brief drop followed by accelerated trading volume and strengthened reversal momentum. Although Bitcoin once fell below $101,000, it quickly rebounded above $102,000, with market participants reacting swiftly to the drop, leading to a strong rebound as trading volume accelerated and reversal momentum strengthened.
Bitcoin Opportunity Fund Managing Partner James Lavish stated: "If you are selling Bitcoin out of fear of a possible world war, then you don't really know what you have." Additionally, on-chain indicators show a balanced market, with neither excessive profit-taking nor aggressive buying behavior. Derivatives data indicates that market sentiment is cautious, with ongoing demand for downside protection.
