“The market is not priced for disaster, but neither is it priced for resolution,” Enflux wrote in a commentary for CoinDesk.
“Shorts focused on the news from Iran over the weekend, BTC rose to around 63,000, and when the escalation did not immediately escalate into a broader regional conflict affecting the Gulf and Dubai trade corridors, the squeeze began.”
Cryptocurrency, as Enflux noted, tends to react faster than traditional assets during geopolitical shocks.
“When bombs fall or sanctions tighten, capital looks for ways to exit. In times of uncertainty, BTC becomes a safety valve,” the company wrote.
Institutional demand continues to be a key source of support. Over the past five trading days, BTC ETFs have attracted approximately $1.45 billion in net inflows.
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