According to online reports, CoinDesk Research analyzed that Bitcoin was not affected by the United States 'involvement in the Iraq-Israel conflict. After a short decline, trading volume accelerated and the momentum of reversal increased. Although Bitcoin once fell below US$101,000, it quickly recovered to above US$102,000. Market participants responded quickly to the decline and eventually rebounded strongly as trading volume accelerated and the reversal momentum intensified. James Lavish, managing partner of the Bitcoin Opportunity Fund, said: "If you sell Bitcoin because you're worried that the world may break out to war, you don't know what you have." In addition, on-chain indicators show that the market is balanced, with neither excessive profit-taking nor aggressive increases in holdings. Derivatives data showed cautious market sentiment and continued need for downside protection.