The impact of external wars on Bitcoin in recent years Russia-Ukraine War: February 24, 2022 On the day of the invasion and shortly thereafter, BTC quickly dropped from about $38,000 to a low of about $34,300, with a daily decline of about 10%. Although it was the early stage of a bear market, Bitcoin rebounded to $48,000 in the following month. Iran-Israel direct conflict escalation: April 2024 Iran suddenly launched an attack on Israel, causing Bitcoin to drop from about $67,000 to $60,908, with a short-term decline of about 8%. In the following month, Bitcoin quickly regained its losses, rebounding to $71,000. Today, Israel attacked Iran again, and Bitcoin dropped from a low of $66,000 to $63,000, with a decline of less than 5%. Moreover, Bitcoin has been in a bear market for 5 months, so there is actually no need to panic at this time. Every drop caused by external negative news is an opportunity for the whales to wash out the market. Buying Bitcoin at this level as it drops is definitely not a problem. This article only analyzes spot trading; contract traders should not refer to it.