Bitcoin Investors Remain Calm Despite Israel-Iran Conflict Escalation 🪙
The price of Bitcoin has held steady, hovering around $105,000, despite rising Middle East tensions and bearish pressure. Investors show resilience, with Bitcoin's value only dipping by 0.8% over the past week. According to on-chain data, Bitcoin investors remain calm, unfazed by geopolitical events between Israel and Iran.
Analyst CryptoMe, in a CryptoQuant post, noted steady Bitcoin exchange netflow and open interest on exchanges. Despite reduced Open Interest due to liquidated long positions, investors largely maintain their holdings. Notably, movements on the Chicago Mercantile Exchange remain minimal, indicating sustained investor confidence.
With Bitcoin trading around $104,760, representing a 1% decline in 24 hours, analysts caution investors as future geopolitical developments could influence positions. However, the current stability suggests no immediate panic among Bitcoin holders.
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