As of June 15, the cryptocurrency market appears to have already priced in the potential negative impact of the ongoing conflict between Israel and Iran. Despite rising geopolitical tensions, the market's sentiment—measured by the Fear & Greed Index—remains in the "Greed" zone, with Sunday’s reading standing at 60.

$BTC experienced a 2.8% drop on Friday, dipping to $103,000 after reports of an explosion in Tehran emerged late Thursday (22:50 UTC), with Israel reportedly claiming responsibility. In response, Iran is said to have launched dozens of ballistic missiles on Friday evening. Yet, the market reaction has been relatively muted. On Thursday, prior to the news, the Fear & Greed Index recorded a higher score of 71.

Analysts note $BTC surprising stability in the face of such turmoil. Crypto analyst Za commented on Saturday, “Bitcoin appears to be largely disregarding the conflict between Israel and Iran—at least for now,” adding, “There is no better market sentiment indicator than Bitcoin, which I find very remarkable.”

Echoing this sentiment, crypto entrepreneur Anthony Pompliano remarked, “Bitcoin is unwavering.”

Traders seem confident that Bitcoin will hold above the critical $100,000 psychological level, which it reclaimed for the first time since May 8. However, a drop below this threshold could trigger liquidation risks for long positions totaling more than $1.74 billion.