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#IsraelStrikesIranBTCPlunges
War can send Bitcoin tumbling within minutes, but it may not necessarily change its long-term thesis.
What needs to be monitored now is not just news of attacks, but also oil prices, U.S. Treasury yields, the dollar, Bitcoin ETF flows, and leverage in the derivatives market.
If the conflict eases but Bitcoin remains strong, the market is sending a message: the fundamentals of BTC demand are stronger than geopolitical fears.