$BTC is not selling off like a single war headline - it is repricing a wider risk band.
Spot is 59,688, down 1.852% in 24h, while BTC dominance is still 55.69% and Fear & Greed is 18. That mix matters: fear is high, but rotation has not clearly left BTC for alt beta.
My read: the headline risk is real, but the market tell is simpler. If 59,582 stays the 24h low, this is controlled de-risking. If it accepts below that low, the geopolitical trend becomes a liquidity event.
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