Short-term BTC holders show no panic despite Iran risk

An analysis from CryptoQuant contributor Moreno suggests that short-term Bitcoin holders are not panic selling, despite escalating geopolitical risks related to Iran. Moreno pointed out that event-sensitive short-term holders have shown little reaction to the recent tensions. While BTC saw a decline in mid-February, temporarily testing the $63,000-$64,000 range, there have been no clear signs of sharp stop-loss liquidations or fear-driven selling. According to Moreno, this behavior contrasts with previous risk scenarios where short-term holders typically reacted with immediate sell-offs. He suggested that the delayed response may be due to market fatigue rather than an absence of panic. However, Moreno cautioned that this is not an all-clear signal and that a sharp directional shift could occur if new risk factors emerge.