The price of Bitcoins has managed to stay on the surface in the last few days, despite the growing conflict in the Middle East and the resulting pressure of the bear. The premiere of the cryptocurrency still floats at USD 105,000, and its value has dropped by only 0.8% over the past week.

According to the latest data on the chain, the price of Bitcoins may not be too long, because investors seem unpatched with growing tensions between Israel and Iran. Below are BTC investors since the start of military activities last week.

BTC investors still stick to their assets: analyst

In the Quicktake post on the Cryptoquant platform, a nicknamed chain analyst, Cryptome revealed that the Bitcoin market remained relatively still despite the ongoing geopolitical events. Netflow Bitcoin Exchange and open interest are appropriate indicators here.

At the beginning, Cryptome analyzed BTC Exchange Netflow, which measures the difference between Bitcoin sent and withdrawn from centralized exchanges. Usually this record helps to assess sales pressure on a specific cryptocurrency (Bitcoin, including the script).

Considering that one of the services offered by the stock exchanges is sold, exchange revenues are often considered bear for the Bitcoin price. However, Cryptome noticed that there was no significant change in Netflow, which means that investors do not want to unload their assets.

The analyst in the chain also emphasized open interest on centralized exchanges, which estimates the amount of capital flowing into the cryptocurrency every time. Cryptome attributed reduced open interest to liquidated long positions after price correction.

Pundit Crypto added:

But when we look at a larger picture, the open interest still looks robust, and investors still keep their positions open despite all the war news.

In addition, Cryptome mentioned the open interest in Bitcoin in Chicago Mercantile Exchange (CME), in which institutions and speculators trade. The analyst noticed that although some items were closed and the open interest fell after the event, there was still no significant movement of the exit to CME.

Ultimately, the lack of main movements in centralized exchanges suggests that investors are not yet in panic mode. While most of the positions on Bitcoins derivatives are now open, it is not known what will happen if the war tension is intensifying. Therefore, investors may want to approach the market with caution in the next few days.

Bitcoin price at first glance

In this letter, the price of BTC is around USD 104,760, which reflects the decrease in almost 1% in the last 24 hours.