Geopolitical risks emerge: Why is Bitcoin at $90,000 so steady as a rock

After the U.S. launched airstrikes on Venezuela, the market initially worried about potential impacts on cryptocurrency prices. However, based on actual market performance, Bitcoin not only did not decline sharply but maintained strength. According to the latest data, BTC is currently priced at $91,259.39, up 1.90% in the past 24 hours, with a market capitalization of $1.82 trillion. Several analysts believe that this geopolitical event has been quickly absorbed by the market, and the probability of a significant short-term correction for Bitcoin is low.

Market Reaction: Restraint and Steadiness

From Bitcoin’s actual performance, this geopolitical shock did not trigger the expected panic. Data shows that Bitcoin has steadily risen over the past 24 hours, reaching a high of $91,290, indicating that buying interest remains resilient. This restrained market response reflects investor confidence in the current market structure.

More notably, the performance of the leveraged market is worth attention. According to the latest data, Bitcoin’s 24-hour leveraged liquidation amount is approximately $60.04 million, with over $55 million in short positions being liquidated. This means that during the price increase, bearish investors were significantly squeezed out, which in turn strengthened upward momentum.

Analyst Consensus: Event Has Been Absorbed

Michael van de Poppe, founder of MN Trading Capital, explicitly stated that this U.S. airstrike is unlikely to cause a sharp decline in Bitcoin. His core logic is that such military actions are “planned and organized attacks,” and the event itself is short-lived and has already concluded, making sustained market impact unlikely. Events that are quickly absorbed by the market often do not serve as direct triggers for deep Bitcoin price corrections.

Other analysts share similar views:

• Analyst Tyler Hill believes that when markets anticipate escalating conflicts, risk assets tend to sell off significantly, but this time, such a reaction did not occur. Instead, it may be seen as a sign of market strength.
• Analyst Shagun Magan pointed out that Bitcoin remains resilient amid “geopolitical noise,” which boosts market confidence in BTC’s ability to stay above $90,000.

Historical Comparison: Increasing Resilience

It’s worth noting that Bitcoin’s performance during geopolitical events is indeed changing. Historically, Bitcoin has experienced rapid corrections amid geopolitical tensions. For example:

• During escalations between Iran and Israel, BTC often saw quick pullbacks.
• During the Russia-Ukraine conflict, Bitcoin experienced frequent volatility.
• After the June 2025 Tehran explosion, Bitcoin dropped nearly 3% within 90 minutes.

However, compared to those times, Bitcoin has repeatedly demonstrated stronger stability in high-price ranges. This change may reflect two factors: first, market participants’ increased maturity in understanding geopolitical risks; second, the involvement of institutional investors, which enhances market resilience.

Technical Confirmation: $90,000 as a Key Support

From a technical perspective, the $90,000 level has become a core support zone for bulls and bears. Bitcoin’s stable performance within this range, combined with the clear squeeze of leveraged shorts, indicates that buying pressure is relatively dominant. This provides technical support for subsequent price stability.

Outlook: Upgrading Risks Are Key

In the current macro environment, the impact of U.S. airstrikes on Venezuela on Bitcoin prices is more of a short-term emotional disturbance. As long as there is no further escalation into systemic risks, the probability of a sharp short-term correction remains limited. It is expected that $90,000 will continue to serve as an important support level, with the key variable being whether new escalation events occur.

Summary

This geopolitical event, to some extent, validates the increased maturity of the Bitcoin market. The market’s restrained reaction, analysts’ consensus judgment, and technical support confirmation all point in the same direction: BTC now has a stronger capacity to withstand pressure. Of course, this does not mean risks are entirely eliminated; rather, under the current market structure, a single geopolitical event is unlikely to trigger a deep correction. The key remains to monitor whether such events escalate into systemic risks.