Some solid points here, but most of you are missing the deeper layer: Bitcoin isn't reacting to wars anymore - it's reacting to how markets perceive monetary policy risk during them.

It's not about Iran or Israel specifically. It's about whether macro players think conflict will trigger rate cuts, QE, or capital flight. Bitcoin's "resilience" in this case is just a reflection of investors front-running liquidity pivots.

Also worth noting: post-ETF cycle has brought in players who don't panic-dump on geopolitical noise. They hedge with futures, rotate to stables, or ride it out. That alone changes Bitcoin’s volatility signature during events like this.

This cycle is different. The crowd is different. And the flows are smarter.

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