Analysis: Crypto Market Appears to Have Priced in Geopolitical Tensions, Bitcoin May Retest All-Time High

Despite heightened geopolitical tensions following a series of Israeli airstrikes on Iran, the Fear and Greed Index, which tracks overall sentiment in the cryptocurrency market, remains in the "Greed" zone, with Bitcoin approaching a retest of its all-time high of $111,970 set on May 22. Analysts note that Bitcoin currently appears unconcerned about the conflict between Israel and Iran. Compared to the price drop following Iran's attack last April, this time Bitcoin's decline has been much smaller. Traders remain confident that Bitcoin will hold above the psychologically significant $100,000 level. However, according to data from CoinGlass, a drop below this level could put more than $1.74 billion in long positions at risk of liquidation.