#IsraelIranConflict The geopolitical shock caught many traders flat-footed. In the past 24 hours alone, nearly $428 million in Bitcoin long positions were liquidated, based on CoinGlass data. The timing couldn’t have been worse for bulls, as the market had been riding high on optimism after BTC touched $110,265 earlier in the week.
While traditional safe havens like gold and oil surged, rising 1.44% and 11% respectively, Bitcoin faltered. Still, some analysts suggest this divergence may be short-lived. Crypto vs Conflict: Bitcoin Price Dips as US–Iran Rumors Escalate
• Bitcoin fell 1.7% to $107.6K as investors reacted to rising geopolitical uncertainty.
• Crude oil prices spiked over 4% following Trump’s warnings and Iran’s threats.
• Tensions over Iran’s nuclear program and missile tests are driving market volatility.
Entrepreneur and Bitcoin bull Anthony Pompliano noted that the current reaction mirrors what happened during Iran’s October rocket strikes on Israel. Then too, BTC initially fell but outperformed oil and gold within 48 hours. “Will be interesting to see what happens here,” Pompliano said, hinting at a possible rebound.
