Bitcoin has recently been affected by the Iran war situation, and market sentiment remains cautious. BTC temporarily failed to hold above $71,000 and is currently fluctuating around $69,500. Overall, the biggest bearish factor comes from the geopolitical conflict in the Middle East and the surge in oil prices, which suppresses global financial market sentiment and puts short-term pressure on BTC.

However, it is worth noting that despite external risks, mainstream Bitcoin-related investment products still saw a net inflow of $619 million last week, indicating that institutional investors have not fully shifted away due to geopolitical pressures but continue to increase their holdings. This suggests that some funds view BTC as a safe-haven asset, which is a subtle signal worth paying attention to. Meanwhile, tokens related to the AI sector (such as ICP, FET) are performing strongly, reflecting high enthusiasm for new narrative sectors.

In the short term, BTC is susceptible to macro risk events and may experience sharp fluctuations driven by news, especially regarding the war situation and oil price movements. However, the ongoing large capital inflows contrast with long-term institutional optimism and may lay the groundwork for a subsequent rebound.