Crypto Market Defies Geopolitical Turmoil

The cryptocurrency market has shown remarkable resilience as the Crypto Fear & Greed Index maintained a score of 60 — solidly in "Greed" territory — despite escalating tensions between Israel and Iran. This comes after Israel conducted airstrikes near Tehran late Thursday, triggering a brief 2.8% Bitcoin price dip to $103,000 before recovering to $105,540.

Historical Patterns Suggest Possible Shift

Market analysts note the current stability contrasts with April 2024's 8.4% Bitcoin plunge following similar Middle East tensions. The Index then dropped from 72 to 43 within weeks, suggesting history might repeat. "Bitcoin appears unfazed for now," observed crypto analyst Za, noting its surprising strength given the circumstances.

Key Support Levels and Market Risks

Traders are closely watching the psychological $100,000 support level, with 【$1.74 billion】 in long positions at risk if breached. Meanwhile, Bitcoin ETFs recorded 【$1.37 billion】 in weekly inflows, though Ether ETFs saw minor outflows after a 19-day streak.

Comparative Market Reactions

——The market's muted response this time suggests growing maturity——, with Bitcoin's decline being less severe than during previous Middle East flare-ups. This stability occurs as Bitcoin hovers near its all-time high of $111,970, demonstrating what Anthony Pompliano called "relentless" performance.

Sentiment Indicators and Future Outlook

While the Index stood at 71 before the strikes, its current 60 reading leaves room for potential decline into "Fear" territory if tensions escalate further. Market participants remain cautiously optimistic, balancing geopolitical risks against strong institutional demand through ETF channels.