BlockBeats News, March 1 — According to Bloomberg, after Iran confirmed the death of Supreme Leader Khamenei in a military operation by Israel, the crypto market rebounded sharply on Sunday morning in Asia.
Bitcoin rose as much as 2.21% to $68,196, then retreated to around $67,300; the previous day, it had fallen 3.8%. Ethereum increased by up to 4.58%, regaining the $2,000 level.
Data shows that after losing about $128 billion in market value the day before, the crypto market had already recovered approximately $32 billion on Sunday morning. Analysts note that due to 24/7 trading in the crypto market, Bitcoin acted as a “liquidity relief valve” during the weekend escalation of geopolitical conflicts, absorbing sell-offs that might have otherwise spilled over into stocks, bonds, and commodities markets.
However, the market still faces uncertainty. Iran has launched counterattacks against multiple locations including Israel, Qatar, the UAE, and Bahrain, and has threatened further strikes against U.S.-related bases. Some traders believe that true price discovery will occur once trading resumes for U.S. stocks and Bitcoin ETFs on Monday.
Derivatives markets also experienced significant volatility. Analysts point out that last Saturday, Bitcoin derivatives sell volume surged by approximately $1.8 billion in just one hour, indicating rising short-term risk aversion. Meanwhile, tokenized commodity contracts linked to oil, gold, and silver on decentralized trading platform Hyperliquid also saw price increases.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitwise Backtesting: The probability of Bitcoin holding for 3 years resulting in a loss is only 0.7%, short-term trading carries high risk
According to Bitwise's historical data analysis, the probability of holding Bitcoin for more than three years resulting in a loss is only 0.7%, and zero for ten years. In contrast, the loss risk for short-term trading is as high as 47%. The data shows that long-term holding can effectively reduce the risk of losses, emphasizing the importance of time in investing. Investors should focus on holding duration rather than short-term fluctuations.
動區BlockTempo25m ago
A certain whale went 40x long on Bitcoin after the official announcement of Hameini's death, with a liquidation price of $66,559.
According to BlockBeats, on March 1st, due to the assassination of Iran's Supreme Leader, an address opened a 40x leveraged long position with 1000 BTC, resulting in an unrealized loss of $228,900. At the same time, the address held a 20x leveraged position in SOL, with an unrealized profit of $810,000, for a total profit of $775,300.
GateNews39m ago
Bitcoin becomes a get-out-of-jail-free card? Middle East conflict intensifies, BTC rebounds to 68K
The United States and Israel launched a military attack on Iran, triggering tensions in the Middle East and resulting in 200 casualties. Bitcoin, due to the market being closed, has become a liquidity indicator, with prices rebounding from 63K to 68K, indicating increased demand for safe-haven assets. Traditional financial regulatory risks are driving more people toward cryptocurrencies.
ChainNewsAbmedia1h ago
BTC drops below 67,000 USDT
Gate News bot message, Gate market display, BTC drops below 67,000 USDT, current price 66,983.1 USDT.
CryptoRadar1h ago
