So I noticed something interesting this week - while all traditional assets are falling due to tensions in the Middle East, Bitcoin is holding up better. Gold has dropped for 9 consecutive days (which is crazy), but BTC is still hovering above $74K, up 4% over the week. This is no coincidence.

Some say this more structural dynamic is about long-term changes in the market, not just panic reactions. China and other countries systematically buy gold to escape dollar dominance, but during escalating conflicts they sell instead because they need liquidity. Meanwhile, the Bitcoin derivatives market has matured and the funding rate has been negative for 46 days - very bearish but the price remains resilient. It seems the crypto market is different than it used to be.

Ethereum dropped 1.4% to $2.34K, Solana fell 2.4% to $83.91, Dogecoin down 1% to $0.09. But BTC? Still the most resilient amid chaos. Asian stocks have corrected, bonds yields are rising, Brent oil surged to $113. Everything is being sold, but Bitcoin is being sold the least.