I noticed that Bitcoin has recovered well from this turbulent weekend — now we're at $68,450, a nearly 5% rebound from the $63K low we touched after recent geopolitical attacks in Iran. What surprised me is how BTC remained relatively stable compared to stock futures, which took a pretty big hit.

The numbers on the futures say a lot: according to QCP Capital, the attacks triggered long liquidations of about $300 million, but the deleveraging was contained. Open interest only fell 2% to $93.78 billion, and funding rates remain neutral or slightly negative. On Deribit, BTC puts are trading with an 8-10% volatility premium over calls — a sign that traders are hedging downside risk but without real panic.

While Bitcoin holds at $65K, everything else is suffering more. Oil shot up 13% to $82 per barrel ( highest since July 2024), S&P 500 futures down 1.1%, Nasdaq 100 down 1.5%. Gold and silver hit one-month highs. It’s interesting to see Bitcoin acting as a safe haven in this context — when risk assets crash, BTC remains solid.

Altcoins followed the rebound: MORPHO up 5%, JUP, AAVE, and LDO in positive territory, HYPE gained 29% on Saturday before pulling back a bit. WLFI, on the other hand, is suffering, down 2.5% Monday and down 44% since mid-January. CoinDesk’s DeFi index is the only one in the green over the past 24 hours.

The overall picture? Bitcoin remains stuck in a range, resilient but not yet decisively bullish. The weekend tested both resistance at $70K and support at $62,500, and for now, BTC is holding the $65K level. With futures still cautious and implied volatility steady at 58.8%, it seems the market is waiting to see how the geopolitical situation develops.