Bitcoin prices fell below $68,500, with major cryptocurrencies all red today. The current round of Palestinian-Israeli conflict has entered its fifth week with no signs of easing. Market risk aversion has increased, causing risk assets to generally come under pressure. The news that Trump extended sanctions on Iran failed to dispel the cloud of war hanging over the market.

Panic on the surface, undercurrent. Despite the general decline in the market, on-chain data revealed a different picture: in the past month, Bitcoin spot ETFs had net inflows of up to $2.5 billion, while exchanges continued to experience net outflows. This strongly implies that under the appearance of panic selling by retail investors, institutions and large investors are taking advantage of the decline to accumulate long-term chips.

For ordinary retail investors, there is a clear deviation between current market sentiment and on-chain fundamentals. Short-term prices, driven by geopolitical headlines, are highly volatile and extremely difficult to operate. However, signs of continued institutional buying may provide support for the mid- to long-term trend. In this volatile market, it is key to control positions and avoid high leverage to chase the rise and kill the fall. When trading, don’t forget to compare prices on various platforms. Tools like CoinRebate can help you quickly find the best rates, and whatever you save is profit.

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This article was edited by CoinRebate AI, data source: CoinDesk

Bitcoin fell below 68,500! The war in the Middle East continues, and the market falls across the board