#比特币保持坚挺

Noah's Ark in the midst of flames, or tranquility before the storm?

As explosions in the Strait of Hormuz spread worldwide, Asia-Pacific stock markets collectively plummeted, crude oil prices surged then retreated, and gold barely held onto gains—only Bitcoin, after a brief dip, quickly regained its footing, firmly staying above $68,000. This resilient stance of “everyone else falling, I alone remain awake” is forcing the entire market to reevaluate Bitcoin’s asset properties.

The three layers of logic behind this resilience

First layer: The awakening of geopolitical hedging. After the Russia-Ukraine war, cases of Eastern European elites fleeing asset freezes with Bitcoin made the global wealthy realize: in extreme environments where sovereign credit could instantly become worthless, decentralized assets are an indispensable “escape pod.” Following the escalation of the Middle East conflict, on-chain data shows a significant surge in local funds flowing into cryptocurrencies.

Second layer: A safe haven in macro battles. Trump’s criticism of the banking sector during market hours and push for stablecoin legislation, combined with Kashkari signaling rate cuts, form a positive combination of “dollar credit margin loosening + clearer regulatory expectations.” With traditional safe-haven assets like gold already at historic highs, hedge funds are beginning to include Bitcoin in their macro hedging baskets.

Third layer: A qualitative change in supply and demand structure. Indiana’s pension fund officially approved Bitcoin allocation, signaling that “long-term funds” are entering the market. Meanwhile, Circle’s issuance of $1 billion USDC indicates institutional ammunition is ready. Behind the resilient price is the quiet accumulation by smart money.

Noah’s Ark or tranquility before the storm?

Currently, Bitcoin remains in a bear market structure, with the fear index at only 10. The real test is: if the Middle East conflict de-escalates, will profit-taking emerge? If the conflict escalates, will liquidity crises reappear?

The answer may lie in the positions held. Keep your core holdings steady, and hold enough cash to wait for the wind—whether a storm or clear skies, you can respond calmly.