Analysis: The crypto market seems to have digested geopolitical tensions, and Bitcoin may re-test its historical highs
Internet reports that despite heightened geopolitical tensions after Israel launched a series of air strikes on Iran, the Fear and Greed Index, which tracks overall cryptocurrency market sentiment, is still in the "greedy" zone, and Bitcoin is close to a retest of the all-time high of $111,970 set on May 22. Analysts said that Bitcoin does not seem to be worried about the conflict between Israel and Iran at present. Compared with the Iran attack in April last year, the decline in Bitcoin prices is much smaller. Traders are confident that Bitcoin will remain above the psychological price of 100,000 US dollars, but according to CoinGlass data, a fall below this price may lead to liquidation risks of long positions of more than $1.74 billion.
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