Tokocrypto CEO: Geopolitical Turmoil Dampens Bitcoin, Investors Still Buy the Dip

JAKARTA, KOMPAS.com - The intensification of the Israel-US conflict with Iran triggered volatility in the global crypto market. Bitcoin (BTC) price briefly weakened to around $63,000 to $64,000. However, the pressure did not develop into a prolonged downward trend. According to him, whenever geopolitical conflicts heat up, the global market typically enters a risk-off phase, where investors tend to reduce exposure to high-risk assets. In such a condition, global investors usually withdraw funds from assets considered high risk. That causes BTC’s price to experience a rapid correction when geopolitical tensions rise. ‘In the latest situation BTC briefly fell to the area around $63,000–$64,000 as tensions escalated and the market grew anxious,’ he said. Nevertheless, Calvin assessed that the decline did not automatically develop into a long-term downtrend. On the contrary, the market showed active buyers absorbing the drop through a buy-the-dip strategy. That indicates that at certain levels, real demand in the spot market is strong enough to withstand selling pressure. In other words, although geopolitics headlines sparked momentary panic, there is a layer of demand that keeps BTC moving within a range rather than falling freely. Furthermore, he assessed that the crypto market’s current conditions differ from previous periods, especially because the growing role of institutional investors through spot Bitcoin ETFs. Read also: Crypto Market Becomes Volatile, Bitcoin Holds at $68,600