Amid rising tensions in the Middle East, crypto markets are sending a curious message: confidence remains high. Even as Israel launched airstrikes against Iran, the Crypto Fear & Greed Index held its ground — still signaling “Greed.”
Index Holds Firm Amid Crisis
On Sunday, the index posted a score of 60, maintaining its position in the greed zone. This came after Bitcoin dropped 2.8% to $103,000, while Ethereum saw a sharper decline of over 10% during the same period.
Interestingly, the index had registered a much higher 71 just days earlier. Despite the price pullbacks, investor sentiment remains resilient — for now.
Traders Watch Key Support Levels
Crypto analyst Za commented that Bitcoin appears “unbothered” by the geopolitical situation. With $1.74 billion in long positions at stake if the $100,000 psychological level is broken, the coming days will be critical.
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Meanwhile, spot Bitcoin ETF products saw $1.37 billion in inflows during the past week. In contrast, spot Ethereum ETF funds ended a 19-day inflow streak with $2.1 million in outflows.
Will History Repeat Itself?
In April 2024, following Iran’s direct missile strike on Israel, Bitcoin dropped 8.4%, and the index fell from “Greed” to “Fear” within weeks. If history is any guide, we could see a similar pattern emerge if geopolitical uncertainty persists.
The market’s current resilience may be tested further. Investors are watching closely to see whether confidence can hold — or if fear will take over again.
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