It is just a market reaction and nothing more. That happened when Russia attacked Ukraine, but what happened after? Bitcoin increased in price back that day and later bitcoin get to all-time high multiple times. You can make better speculation based on if there is coming bear season, but do not consider this war for speculation except you are a trader which speculate in short term.
Agree. It is a temporary market reaction. There is probably no significant impact for the long run. Besides the war Russia vs Ukraine, we have experienced some wars. Even, it is not the first time the war of Iran vs Israel. Few days/weeks after the news of war, usually there will be no impact anymore in the crypto market. Sure, for the long term holders, this won't impact on their assets.