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According to CryptoQuant, the escalation of the Middle East conflict has not triggered panic among short-term Bitcoin holders.
On February 5–6, this group sold around 89,000 BTC at a loss, but since then selling pressure has been steadily declining.
Despite rising military tensions involving Iran, there was no major spike in BTC inflows to exchanges, which typically signals fear-driven capitulation.
Markets tend to stabilize once weak hands finish selling — and on-chain data suggests that this phase may be almost over.
Bottom line: headlines look scary, but short-term holders aren’t panicking — a potentially constructive sign for BTC.
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