There is definitely something about the situation where war "should" be something that benefits bitcoin. I know it is not common these days and war usually makes it go down, which I never understood why. Because in theory, war makes fiat weak, and fiat is weak, bitcoin should be strong.
But for some reason, people tend to sell when markets go down, and buy when markets are stronger and that is Exactly what it shouldn't be doing and unfortunately that is not really what we are seeing these days, doesn't make sense at all to me and should be done better. I get that it may be what people are feeling, but in normal cases, for the purposes of bitcoin, it should be going up when there is a war going on somewhere in the world.
Although bitcoin is theoretically considered digital gold, an inflation hedge or even a safe haven like gold. But in reality, people still don't really consider it a safe asset. They just see it as speculation and war usually has a negative impact on high risk speculative assets. That is why bitcoin always gets affected and sells off whenever there is global instability despite fiat currencies also losing value.
But most of these impacts are short- and medium-term. In the long run, the economy, the stock market, bitcoin...speculative assets will all adapt and recover regardless of whether the war continues or not. Among them, bitcoin is often the asset with the fastest recovery rate.