Bitcoin Holds Steady As Middle East Conflict Rattles Markets

Bitcoin has remained relatively stable above $66,000 despite escalating Middle East conflicts that have rattled oil prices and Asian stock markets. On-chain data shows short-term holders are not panic selling as they did in early February, suggesting potential seller exhaustion and possible price recovery ahead.

• →Bitcoin holds above $66,000 despite major Middle East conflict involving US-Israeli strikes on Iran across 131 cities and provinces.
• →Short-term holders showing unusual calm with minimal exchange inflows, contrasting with 89,000 BTC panic selling on Feb 5-6.
• →Historical pattern shows Bitcoin typically rebounds 25-40% after initial war-related dips, as seen with Russia-Ukraine and previous Israel-Iran conflicts.
• →CryptoQuant data suggests seller exhaustion may be setting stage for price recovery if exchange inflows remain low.
• →Bitcoin's 3.5% decline since Feb 26 to $65,540 is considered relatively contained given the scale of current geopolitical crisis.