Bitcoin quickly recovered after a sharp decline triggered by reports of US and Israeli airstrikes on Iran. Over the weekend, the price fell to nearly $63,000, but the drop proved short-lived — within hours, quotes climbed back above $67,000.
As the news flow stabilized, BTC traded in the $66,000–68,000 range. During the sharp move, nearly $250 million in positions were liquidated, including $124.88 million in long contracts. However, the sell-off did not continue, and the market returned to previous levels relatively quickly.
At the time of writing , #bitcoin is trading at $67,411, showing a 0.64% increase over the past 24 hours.
The market reassesses risks:-
Economist Alex Krüger noted: “Bitcoin is now rising on bad news, fully recovering the initial drop.” According to him, such a reaction has not been seen since March 2023.
Many attribute the rebound to the fact that the situation in the Middle East did not escalate further. In recent weeks, Bitcoin has faced several negative headlines but has repeatedly held above key levels. According to analyst Pentoshi, when an asset stops reacting strongly to news flow, it may indicate underlying demand and increase the probability of a move opposite to the initial reaction.
Structural changes in trading should also be considered. Since the launch of spot Bitcoin ETFs in the US in January 2024, a significant portion of liquidity has shifted to regulated venues. Most volumes now occur on weekdays — through Coinbase and funds managed by BlackRock and Fidelity. Weekend liquidity is thinner, making news-driven moves appear more dramatic than they ultimately prove to be.