Within days, Trump will decide whether to expand the war against Iran, potentially restoring “full-scale combat operations,” on a scale far beyond the current airstrikes. The geopolitical powder keg is about to explode again.

But the current price of the BTC/USDT perpetual contract is 66,305. It hasn’t crashed at all—on the contrary, it has surged through 66,000 to set a one-month high. A few years ago, this kind of news should have triggered a waterfall selloff, but the market simply doesn’t care now.

A veteran 9-year “green onion” tells you—BTC’s price control is in the hands of liquidity, not in the hands of tomahawk missiles. As long as there are expectations of rate cuts from the Fed, geopolitical conflicts are just noise. The funding rate is still hovering near negative values, and short positions’ cost is getting burned every day. $BTC ‌