Here’s an interesting point — the crypto market literally showed, on the clock at 03:33, how it really works under pressure. When the situation in Iran intensified, everyone started panicking, but if you look at the numbers, the picture isn’t as dramatic as it seemed.

Bitcoin then fell to $63 000, while Ethereum slid to $1 910 — yes, it hurt. Long positions worth $300 млн were liquidated; people clearly overestimated the risks. But what’s interesting is that the options market practically didn’t flinch. Daily volatility surged to 93%, and then quickly settled down. This suggests that serious players weren’t particularly scared.

Traders continued buying call options on Bitcoin with a March expiration, placing bets on strike prices of $74 000 and $75 000. This is a clear signal — they’re expecting a rebound. After five months of declines, the market is clearly looking for reasons to recover.

Now, the situation looks different. Bitcoin has already recovered to $78.75K, and Ethereum has risen to $2.40K — that’s well above those panic levels. Администрация set a four-week deadline, and the market took it as a signal to act. Of course, caution is still there, but the trend has clearly shifted. It’s interesting to watch how the crypto market is becoming more and more like macro hedging, especially when geopolitical risks are involved.