Bitcoin’s price has remained surprisingly stable despite the escalating conflict between Israel and Iran. It’s currently hovering around $105,000, only slightly down for the week. Let’s dive into what’s happening.
Investors Aren’t Panicking (Yet)
According to recent on-chain data, Bitcoin investors are showing remarkable calm. Analysis suggests they aren’t rushing to sell.
Exchange Inflows and Open Interest
One key indicator is Bitcoin exchange netflow – the difference between Bitcoin sent to and withdrawn from exchanges. High inflows usually signal selling pressure. However, this hasn’t changed significantly, indicating investors are holding onto their Bitcoin.
Another important metric is Open Interest, which measures the total value of outstanding contracts. While there was a drop following a recent price correction (likely due to liquidated long positions), overall Open Interest remains strong. Even on the CME (Chicago Mercantile Exchange), where institutional investors trade, there’s no major exodus.
In short, the lack of significant movement into exchanges suggests investors aren’t panicking.
A Cautious Outlook
While the situation is currently calm, the analyst cautions that things could change quickly if the conflict intensifies. It’s wise to proceed with caution in the coming days.
Bitcoin Price Update
At the time of writing, Bitcoin is trading around $104,760, down about 1% in the last 24 hours.
