Despite the escalation of conflict, data on netflows and derivatives indicate that cryptocurrency investors remain patient and are not panicking.
No Panic: Bitcoin Exchange Netflows
CryptoQuant's analysis of Bitcoin netflow data shows no significant changes in investor behavior since June 11. There are no major transfers of assets to exchanges for liquidation, indicating that investors are not rushing to sell.
Derivatives Market Remains Resilient
While some long positions were liquidated following a brief price drop, open interest on centralized exchanges remains stable. This suggests that many traders prefer to hold their positions.
Investor Sentiment: Cautious but Not Fearful
The market reaction indicates that investors currently view the war as a localized event, not yet threatening enough to prompt a broader sell-off. The overall tone remains cautiously optimistic, with no signs of deep risk aversion.
While the current market behavior is encouraging, the geopolitical situation remains fluid. Participants appear to be adopting a strategy of patience, waiting for further clarity.
