On June 15, despite the escalating conflict between Israel and Iran, the cryptocurrency market sentiment index "Fear and Greed Index" remained in the "Greed" zone. The index was updated to 60 on Sunday, staying in the "Greed" area, while Bitcoin dropped 2.8% on Friday to $103,000. This decline occurred after an explosion in Tehran at 22:50 UTC on Thursday, with Israel claiming responsibility for the attack. Iran reportedly retaliated on Friday night with "dozens of ballistic missiles". On Thursday, the index's "Greed" score was 71.
Despite the tense geopolitical situation, market participants noted Bitcoin's relatively resilient performance. Crypto analyst Za wrote on Saturday: "Bitcoin currently seems unperturbed by the Israel-Iran conflict (at least for now)." He added: "There is no better market sentiment indicator than Bitcoin, which I find quite noteworthy." Crypto entrepreneur Anthony Pompliano posted that day: "Bitcoin is relentless."
Traders appear confident that Bitcoin can maintain its position above the psychological threshold of $100,000, which was reclaimed for the first time since May 8. If it falls below this level, it could risk liquidating long positions worth over $1.74 billion.
