US-Israel strikes Iran. BTC dropped 4% to $63k. Crypto was the only market open. Here's why that matters.
While stocks, bonds, and forex were all closed, crypto ate the full geopolitical shock alone. $250M liquidated in hours.
Think about that. Every other asset class had circuit breakers, closed markets, and time to digest. BTC was the only thing trading and it absorbed the entire global panic by itself.
Last week we had ETF inflows, BTC bouncing to $68k, sentiment recovering from 5 to 11. One airstrike and we're back to $63k.
This is the double-edged sword of 24/7 markets. You get liquidity when no one else does — but you also get hit first.
Monday is going to be wild when traditional markets open. If stocks tank, BTC probably goes lower. If stocks shrug it off, this was the dip.