I noticed an interesting pattern over the weekend — when traditional markets are sleeping, crypto becomes a valve for all geopolitical risks. Over the weekend, U.S. and Israeli strikes on Iran immediately impacted Bitcoin. It dropped about 3% in a few hours, approaching $63,000 — the lowest level since February.

Reports of civilian casualties in Hormozgan Province, missile launches toward Israel, and activation of air raid systems — all created an atmosphere of uncertainty. Iranian media reported dozens of deaths in the province, including an attack on a school. Meanwhile, NATO, China, and Turkey began calling for de-escalation.

Bitcoin temporarily recovered to $65,000 but couldn't hold, retreating to $64,700. This shows that sellers still control the situation, but the relative stability given the seriousness of events in Hormozgan Province suggests more superficial liquidity over the weekend rather than active selling.

In parallel, Ether strengthened against Bitcoin — the ETH/BTC ratio rose to 0.0313, the highest in three months. This is supported by activity on the Ethereum network: growth in new users, record transaction volumes.

As long as the region remains tense, risks for traders persist. The crypto market, operating 24/7, becomes the very cushion for risk-off that traditional assets cannot provide over the weekend.