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
A major whale has aggressively added to its BTC long position after its initial accumulation, with short-term holdings increased to $12.5 million.
According to Hyperinsight monitoring, on March 25th, a whale address beginning with 0x931 opened a BTC long position with 40x leverage at an average entry price of $71,023, with an initial position size of approximately 105.6 BTC. Subsequently, they added approximately $5 million more, bringing the cumulative position size to $12.5 million with an average price rising to $71,190. Currently, this position is showing a small unrealized loss of approximately $7,000.
BlockBeatNews27m ago
Analyst: Three Key Factors Behind Bitcoin's Price "Outperforming Stocks"
Despite the ongoing Iran-Middle East conflict, Bitcoin's price remains relatively stable at approximately $71,000. Analysis indicates its resilience is supported by geopolitical risk hedging, Federal Reserve policy, and institutional investor interest. However, if it breaks below $67,500, it could form a weakening trend, requiring close attention to relevant market movements.
GateNews31m ago
Bernstein Says Bitcoin Bottom In, Targets $150K in 2026
AllianceBernstein analysts suggest Bitcoin has likely bottomed after a significant decline, with no systemic failures noted. Steady institutional demand and ETF inflows above $56 billion support a bullish $150,000 year-end target, indicating market resilience despite macro pressures.
CryptoFrontNews31m ago
A certain whale has added to its BTC long positions twice, with cumulative holdings reaching $12.5 million.
On March 25th, a whale address beginning with 0x931 opened a long position on BTC using 40x leverage, with a cumulative position of $12.5 million and a liquidation price of $73,103. Currently, this position is showing an unrealized loss of approximately $7,000.
GateNews36m ago
Four On-Chain Indicators Show Weak Demand, Bitcoin Recovery May Face Resistance
This year, Bitcoin has experienced increased price volatility due to geopolitical tensions and economic pressures, with weakening demand evident. On-chain data indicates dispersed wallet activity and reduced whale transactions, reflecting investor caution. Fundamentals continue to deteriorate, limiting short-term recovery prospects, necessitating attention to external factors and policy developments.
GateNews39m ago
