@minchow
GEOPOLITICAL SHOCKS AREN’T MOVING BITCOIN LIKE THEY USED TO
Headlines around Venezuela and potential U.S. involvement sound scary. But on-chain data tells a calmer story.
Exchange Netflow -- the metric that shows whether people are moving $BTC to exchanges to sell -- isn’t spiking.
When fear is real, coins rush to exchanges. That’s not happening.
We’ve seen this before. Ukraine. Middle East escalations. Iran–Israel tensions. Each time, price reacted short term, but holders didn’t panic. Since 2023, Bitcoin has gotten noticeably more resilient to localized military conflicts.
The pattern is clear: #Bitcoin reacts hardest to systemic risk -- banking stress, capital controls, regulation -- not regional headlines.
Right now, the market is watching, not running. That’s a big shift from past cycles. 🔥
📸 XWIN Research Japan
3 replies
0 recast
11 reactions