According to Spencer Yang, Bitcoin (BTC) quickly recovered from geopolitical tensions, trading around $106,000, as its fundamentals remain strong with increasing on-chain activity from protocols like BRC-20. Semir Gabeljic highlighted that recent Bitcoin ETF inflows, including $1.1 billion last week, are driving the positive trend. Glassnode and Avenir Group reported that BTC's market behavior is increasingly tied to institutional liquidity and macro integration, anchoring prices above $100,000 despite war-related noise.

According to Spencer Yang, Core Contributor to Fractal Bitcoin, Bitcoin's fundamentals remain strong despite Middle East conflicts, with BTC recovering to $106,000 as institutional demand and rising on-chain activity stabilize prices. Semir Gabeljic, Director at Pythagoras Investments, cited $1.1 billion in Bitcoin ETF inflows last week and $350 million in a single day as key drivers. Glassnode's report highlights BTC's increased correlation with traditional markets due to institutional integration.