Financial markets demonstrated resilience following U.S. airstrikes on Iranian nuclear facilities over the weekend of June 22-23, with Brent and WTI crude oil initially gapping 3% higher early Monday before fully reversing gains by afternoon trading according to Wall Street Journal reports. Bitcoin simultaneously recovered from a Sunday dip below $98,000 to trade at $104,800 by Monday afternoon ET, showcasing its ability to overcome bearish derivatives signals. This rebound occurred alongside positive movements in E-mini S&P 500 futures which gained 0.21% to 6,030.50 according to real-time futures data. Valentine Fournier, analyst at BRN, noted in emailed commentary that despite short-term volatility, structural demand drivers remain intact citing Texas' treasury allocations and Tokyo-listed Metaplanet's latest 1,111 BTC purchase at $105,681 per coin as reported by CoinDesk. The corporate accumulation trend extended to Cardone Capital which disclosed a 1,000 BTC balance sheet addition. Mean Theodorou of Coinstash highlighted persistent volatility risks from macro catalysts including Fed Chair Powell's June 24-25 Congressional testimony and June 30 core PCE data, noting altcoins like DOGE, ADA and SOL suffered double-digit losses amid broad de-risking. Current derivatives positioning reveals annualized BTC futures basis compressed below 5% on offshore exchanges according to Deribit data, narrowing against the 10-year Treasury yield while CME basis held at 7%. Negative cumulative volume delta across major tokens indicated dominant selling pressure, with near-dated puts trading at premiums to calls reflecting defensive positioning. Funding rates turned slightly positive for BTC (0.0007% on OKX) and ETH but remained deeply negative for TRX, BCH and XLM. The dollar index broke its January downtrend line to trade at 99.29 according to Bloomberg data, historically pressuring dollar-denominated assets. Bitcoin's recovery above the $98,200 realized price anchor cited by analysts proved crucial, with current BTC dominance at 65.67% and USDT pair volume hitting 14.14 BTC equivalent. Spot BTC ETFs recorded $6.4 million inflows according to Farside Investors despite ETH ETF outflows of $11.3 million, showing divergent institutional appetite. Technical resilience emerged as BTC/USDT surged 3.76% to $104,961 with notable altcoin outperformance: SOL/USDT gained 7.4% to $142.80, ADA/USDT rose 6.18% to $0.5777, and LINK/USDT jumped 10.64% to $12.90. On-chain metrics showed network health with hashrate at 835 EH/s and hashprice $50.94. Cross-market correlations strengthened as S&P 500 futures and bitcoin moved in lockstep, while gold's 0.16% decline to $3,380 contrasted with crypto's rebound, suggesting shifting risk appetites. Crypto equities diverged pre-market with Circle surging 7.1% while Coinbase fell 1.69%, reflecting varied institutional positioning ahead of key macro events. The oil-crypto dislocation highlighted bitcoin's evolving safe-haven characteristics as Middle East tensions failed to sustain risk-off momentum beyond initial knee-jerk reactions. Key thresholds for traders include Powell testimony impact on rate expectations and the $98,200 bitcoin cost basis as a bull market preservation level.