I've noticed an interesting pattern in the market over the past few weeks. When a conflict erupted between the US and Iran, Bitcoin was the first among major assets to start falling, but then something unexpected happened. On the first day of hostilities, it dropped by 8.5%, but since then it has recovered about 11% from the low and now looks much more stable than before.

The most interesting part of this story is how Bitcoin behaves with each new shock. Yes, it sells off with every negative headline about the war, but then it recovers higher than before. The lows are rising. On February 28, it fell to $64,000, then on March 2 it stayed above $66,000, a week later it was already $68,000, after tanker attacks it reached $69,400, and by the weekend it hit $70,596. Do you see the pattern? Every sell-off finds buyers above the previous level. The range is tightening from below by about 1,000–2,000 per event, the ceiling holds around $73,000–$74,000. Either this will resolve with a breakout, or the pattern will break.

But what really shows the essence of the news about the war is the comparison with other assets over these same two weeks. Oil rose more than 40%, the dollar also gained as a beneficiary of the conflict. And what about the rest? S&P 500 is in the red, gold swings back and forth, Asian stocks had their worst week since March 2020. Bitcoin, however, outperformed everyone except oil and the dollar.

This overturns the idea of Bitcoin as a safe haven. In reality, it acts as a 24/7 liquidity pool that absorbs geopolitical shocks faster than other markets. Simply because it’s the only liquid market open at the moment when war news started coming in on a weekend. All other assets only opened later, and Bitcoin had already digested the information.

The context is added by Trump, who stated that he spared the oil infrastructure at Hargeh but would reconsider if Iran blocks the Strait of Hormuz. Iran responded that any attack on energy infrastructure would trigger retaliatory strikes. This conditional warning is new, and if it materializes, supply disruptions will worsen. But the market has already adapted to this volatility.

By the way, other news runs in parallel. The WLFI token from World Liberty Financial fell 12% to its lowest since launch in 2025 after controversy over Dolomite’s lending strategy surfaced. The company admitted to using its own governance token as collateral for stablecoin loans. And another point — with the growth of blockchain adoption, machine models are receiving more metadata, which degrades crypto privacy. There’s an analysis of five main privacy architectures and an assessment of their durability as AI improves.

Overall, the picture is this: Bitcoin has ceased to be just a safe-haven asset or simply a risky asset. It has become a tool that absorbs market shocks faster than any other. And current events confirm that the market has cleaned out weak players after the February wave of liquidations and now handles shocks much more calmly.