It was revealed in a Reuters report on the night of the 16th that Iran requested Qatar, Saudi Arabia, and Oman to urge Israel for an immediate ceasefire agreement through U.S. President Trump. Multiple sources indicated that Iran is prepared to show flexibility in nuclear talks with the United States in exchange, and expectations for easing tensions in the Middle East led to Bitcoin (BTC) rising that night, reaching $108,000.
Source: CoinGecko
Leaders and diplomats in the Gulf states are now holding telephone talks to try to avoid escalating conflict. Qatar, Oman and Saudi Arabia have appealed to the United States to pressure Israel for a ceasefire and to resume nuclear talks with Iran.
The cryptocurrency investment company QCP Capital pointed out in an analysis on the 16th that Bitcoin is not showing signs of a full-blown panic despite rising tensions in the Middle East. Although there was temporary turmoil following reports of Israel's preemptive strike last Friday, it has recovered from a weekly low of $102,800 to $107,000.
QCP analyzes that the continuous buying by institutional investors is supporting the price of Bitcoin. Japanese Metaplanet and Strategy Co. continue to buy the dips, and the spot Bitcoin ETF has recorded inflows for 7 consecutive weeks. By maintaining the important psychological threshold of $100,000, the market seems to be regaining stability.
This time, the adjustment range remained limited to about 3%, compared to an 8% decline during the similar deterioration of the Iran-Israel situation in April last year. The implied volatility of Bitcoin is below 40, and the VIX index is around 20, maintaining historically low levels when considering geopolitical risks. There is a view that geopolitical turmoil, increasing government debt, and macroeconomic instability could become structural bullish factors promoting Bitcoin adoption.
Additionally, analyst Daan Crypto Trades pointed out that the CME futures gap from the previous week was filled during Friday's sharp decline, and since no new gaps have emerged since then, there are no immediate points of concern.
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QCP Analysis "Institutional Investors Continue to Buy Bitcoin Despite Deteriorating Iran-Israel Situation"
It was revealed in a Reuters report on the night of the 16th that Iran requested Qatar, Saudi Arabia, and Oman to urge Israel for an immediate ceasefire agreement through U.S. President Trump. Multiple sources indicated that Iran is prepared to show flexibility in nuclear talks with the United States in exchange, and expectations for easing tensions in the Middle East led to Bitcoin (BTC) rising that night, reaching $108,000.
Leaders and diplomats in the Gulf states are now holding telephone talks to try to avoid escalating conflict. Qatar, Oman and Saudi Arabia have appealed to the United States to pressure Israel for a ceasefire and to resume nuclear talks with Iran.
The cryptocurrency investment company QCP Capital pointed out in an analysis on the 16th that Bitcoin is not showing signs of a full-blown panic despite rising tensions in the Middle East. Although there was temporary turmoil following reports of Israel's preemptive strike last Friday, it has recovered from a weekly low of $102,800 to $107,000.
QCP analyzes that the continuous buying by institutional investors is supporting the price of Bitcoin. Japanese Metaplanet and Strategy Co. continue to buy the dips, and the spot Bitcoin ETF has recorded inflows for 7 consecutive weeks. By maintaining the important psychological threshold of $100,000, the market seems to be regaining stability.
This time, the adjustment range remained limited to about 3%, compared to an 8% decline during the similar deterioration of the Iran-Israel situation in April last year. The implied volatility of Bitcoin is below 40, and the VIX index is around 20, maintaining historically low levels when considering geopolitical risks. There is a view that geopolitical turmoil, increasing government debt, and macroeconomic instability could become structural bullish factors promoting Bitcoin adoption.
Additionally, analyst Daan Crypto Trades pointed out that the CME futures gap from the previous week was filled during Friday's sharp decline, and since no new gaps have emerged since then, there are no immediate points of concern.
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