$BTC Iran’s Revolutionary Guards reportedly went straight at a U.S. military base in Jordan. Fighting began in February and has dragged on for five months now—the oil price has surged straight to $90.

In the past, for a geopolitical conflict at this level, the big market would have dropped at least 5 points. But this time, resilience is maxed out—65,800 is holding firmly, and in the last 24 hours it hasn’t fallen by 1%.

The core reason is that the market has been fully desensitized. Since the conflict has dragged on for too long, the capital that should have left already did. Every time tensions escalate, the selloff weakens more and more—classic “geopolitical risk fatigue.”

Another key support: spot ETFs have had net inflows for two straight weeks totaling $273 million, and institutions have been absorbing the bids. Retail is panicking and selling, while institutions step in and buy the dip—naturally hedging, keeping the floor propped up.

But don’t take it lightly. The conflict isn’t over. High oil prices are pushing inflation higher, and the market is pricing in a higher-than-30% chance of the Fed continuing to raise rates—macroeconomic pressure has stayed elevated.

In the short term, the big market is likely to grind back and forth in the 65,000–66,500 range. Above, there’s no new catalyst to break through; below, support is also solid. The more the market chops around, the more you need to stay steady!