Bitcoin Price Holds Steady Around $105,000 Amid Geopolitical Tensions
The price of Bitcoin remains stable at approximately $105,000, with a weekly decline of 0.8%. Despite ongoing geopolitical tensions in the Middle East, investor behavior indicates resilience.
Key Insights from Analyst CryptoMe
- No significant change in Bitcoin exchange netflow suggests investors are not selling their assets.
- Open Interest on centralized exchanges has decreased due to liquidated long positions but remains strong overall.
- Institutional trading on the Chicago Mercantile Exchange shows limited exit activity despite some position closures.
- Investors appear calm, avoiding panic selling in response to rising conflict.
The current BTC price is around $104,760, reflecting a nearly 1% drop in the last 24 hours.
