Anyone who followed the markets during the 12-day war between Israel and Iran saw this, but some investors still don't want to admit it. Although bitcoin did not drop much but it was clear that the price did drop and it only really recovered when the ceasefire was announced.

I feel that many bitcoin investors do not want to admit that bitcoin is a speculative asset, they believe that bitcoin is a safe haven. But in reality, it is not a safe haven and that is why bitcoin is always negatively affected whenever there is a war.