Bitcoin Above $91K as Markets Ignore Venezuela News

Source: Coindoo Original Title: Bitcoin Above $91K as Markets Ignore Venezuela News Original Link: https://coindoo.com/bitcoin-above-91k-as-markets-ignore-venezuela-news/

Bitcoin appears poised to remain stable above key psychological levels despite renewed geopolitical tensions, with analysts downplaying the market impact of recent geopolitical events.

According to Michael van de Poppe, the event is unlikely to trigger a broader market correction. Van de Poppe argued that Bitcoin typically reacts most negatively when geopolitical risks are open-ended and escalating. In this case, he described the event as a “planned and coordinated” action that has already concluded, limiting its potential to fuel prolonged market anxiety.

Key Takeaways

• Analysts see limited downside risk for Bitcoin following recent geopolitical developments.
• Bitcoin tends to react more strongly to prolonged uncertainty than to contained events.
• The event is viewed as a completed, low follow-through risk development.
• Market focus remains on liquidity and macro conditions rather than geopolitics.

The operation reportedly occurred early Saturday morning and lasted roughly half an hour. Van de Poppe noted that because the event is now in the past, the odds of additional downside pressure spilling into crypto markets are “relatively slim.”

Bitcoin holds steady above $91,000

Market behavior so far supports that view. Bitcoin has remained resilient over the past twenty-four hours, climbing roughly 2 percent and reclaiming the $91,000 level. At the time of writing, the asset is trading near $91,300, and is up more than four percent over the past week.

Derivatives data shows that recent price action has actually punished bearish positioning. Around $60 million in leveraged Bitcoin positions were liquidated over the past day, with the vast majority coming from short sellers, suggesting that traders betting on downside were caught off guard by the market’s strength.

Geopolitical shocks don’t always play out the same

Historically, Bitcoin has shown sensitivity to sudden geopolitical escalations, particularly when uncertainty lingers. Previous flare-ups involving various regions have coincided with sharp, short-lived sell-offs. One notable example came in mid-2025, when Bitcoin dropped nearly three percent in under two hours following reports of escalating tensions.

This time, however, analysts see a different setup. Crypto trader Tyler Hill noted that markets tend to “really break down” only when investors expect conditions to deteriorate further. In his view, the absence of follow-through risk could even support a modest rebound as traders interpret the situation as contained.

That assessment is echoed by other analysts, who point out that Bitcoin has repeatedly demonstrated an ability to absorb geopolitical headlines without losing key support levels. Holding above $91,000 amid heightened global tensions reinforces confidence in the asset’s current market structure.

For now, Bitcoin’s reaction suggests that macro and liquidity dynamics continue to outweigh short-term geopolitical shocks. While volatility remains an ever-present risk, the data indicates that this latest event has done little to shake the market’s underlying balance.