Bitcoin just flipped the safe-haven narrative during a global crisis.
As Middle East tensions escalated, BTC surged above $73K while gold and silver dropped sharply. Institutional money rotated into Bitcoin, with strong ETF inflows and whale accumulation confirming the move.
This signals a major shift. Bitcoin is no longer just risk-on tech. It’s absorbing capital when traditional markets crack. That’s a big structural change for crypto.
But there’s a catch. The oil shock is driving inflation higher, which could keep interest rates elevated. That drains liquidity, the fuel behind crypto rallies.
Short term bullish. Mid-term risk if the Fed stays hawkish.