QCP: BTC remains strong amid escalating tensions in the Middle East, with institutions continuing to increase their holdings to support prices

News: QCP Capital in its latest market view states that despite the escalating tensions in the Middle East, Bitcoin (BTC) has not experienced a panic-driven sell-off. After a brief pullback last Friday due to Iran-Israel news, BTC rebounded from $102,800 to $107,000, with overall market sentiment stabilizing. QCP noted that BTC's resilient price performance is supported by continuous institutional buying, including "buying the dip" actions by companies like Metaplanet and Strategy, and seven consecutive weeks of net inflows into BTC spot ETFs. Compared to the over 8% drop in a similar situation last April, BTC has only declined by about 3% and maintained the critical psychological level of $100,000, demonstrating increased market resilience. Additionally, BTC's short-term options implied volatility remains below 40, the VIX index stays around 20, and US and some Asian sovereign bonds continue to see capital inflows, indicating the market has not fully entered a risk-averse mode. However, QCP warns that if the Hormuz Strait is blocked due to Iranian tensions or the US directly intervenes in the conflict, it could trigger oil price spikes and disrupt global risk assets. Structurally, such macroeconomic misalignment and geopolitical turbulence might continue to drive BTC's appeal as a "safe asset".