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$BTC has nothing to do with Iran, but it dropped anyway.
When geopolitical risk spikes, investors don't sit down and calculate Bitcoin's exposure to a specific conflict. They just get more careful everywhere, all at once.
That's why Bitcoin fell alongside oil and bond yields today, even though none of those markets are actually connected to Bitcoin's technology or adoption.
Drops like this tend to fade once the headline stops being new. The harder part isn't the price movement. It's staying calm while everything feels uncertain at the same time.