Bitfinex: Bitcoin pullback reflects typical market correction amid geopolitical tensions

Bitcoin experienced a 7.33% drop after an Israel-Iran conflict triggered a market selloff, though the drop is seen as a typical correction within an ongoing uptrend, according to Bitfinex Alpha, the weekly analysis report from U.S.-based crypto exchange Bitfinex. Analysts suggest that if Bitcoin can hold the $102,000–$103,000 support zone, it could signal absorption of selling pressure and potential for recovery. Meanwhile, geopolitical risks and inflation concerns remain, while regulatory shifts in the crypto sector show growing appetite for BTC-backed equity vehicles.