Crypto:
36770
Bitcoin:
$92.683
% 1.45
BTC Dominance:
%58.7
% 0.09
Market Cap:
$3.15 T
% 1.09
Fear & Greed:
26 / 100
Bitcoin:
$ 92.683
BTC Dominance:
% 58.7
Market Cap:
$3.15 T

Bitcoin Defies Venezuela Crisis: Why the $90K Floor Is Holding?

Bitcoin price holds after Venezuela strike

Crypto markets are showing unexpected stability following the US military intervention in Venezuela. Traditionally, Bitcoin reacts to global conflicts with sharp sell-offs. However, this time it maintained its position above the $90,000 threshold, boosting investor confidence. Market experts are now examining the core factors behind this resilience and the evolving role of digital assets.

Analysts Highlight Coordinated Market Movement

The United States conducted a 30-minute strike on Venezuela early Saturday morning. Michael van de Poppe, founder of MN Trading Capital, does not expect a widespread correction for Bitcoin. Poppe noted that the attack was not perceived as a surprise by the market, resulting in no direct negative impact. He stated, “The probability of more negativity is relatively slim.” The analyst believes the passage of time has already eased market pressure.

According to CoinGlass data, $60.04 million in leveraged positions were liquidated in the last 24 hours. Notably, $55.01 million of these were short positions. While past tensions involving Iran-Israel or Russia-Ukraine caused temporary dips, the market now recovers quickly when feared escalations do not materialize.

Shifting Investor Behavior in Geopolitical Noise

The leading cryptocurrency is charting a different path compared to previous Eastern European or Middle Eastern conflicts. Strategist Tyler Hill argued that markets typically crash due to uncertainty, but the current situation lacks that “unknown” factor. This stability could even turn into a sign of strength, bringing green candles to the charts. Investors no longer view geopolitical crises as a reason to flee. Instead, they see these events as a test of the asset’s endurance.

Will Bitcoin Sustain Its Position Above $90,000?

Current data shows Bitcoin trading steadily around the $91,000 level. Specifically, the recent liquidations in leveraged trades helped clean the market. This paved the way for a much healthier price floor. Experts like Shagun Makin emphasize the technical importance of holding the $90,000 band. According to analysts, staying firm despite “geopolitical noise” is a significant bullish signal.

Market Status Summary

  • The market treated the military strike as a “priced-in” event and avoided panic selling.

  • Bitcoin’s stability above $90,000 is increasing institutional trust in the asset.

  • Short-term liquidations provided the necessary cleanup for a potential upward move.

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