The recent military action by the US against Venezuela occurred at approximately 6:00 a.m. UTC on Saturday, lasting around 30 minutes. Following the strike, Bitcoin's price demonstrated resilience, showing a 1.66% increase to reach $91,290, while maintaining a 4.19% rise over the past week, according to CoinMarketCap.
Michael van de Poppe, founder of MN Trading Capital, indicated that the likelihood of a significant decline in Bitcoin’s value post-strike is minimal. In a post on X, he stated that the attack was a “planned and coordinated” operation, suggesting that its impact on the cryptocurrency market would be limited. He emphasized that the chances of subsequent negative market reactions are low.
In the last 24 hours, approximately $60.04 million in Bitcoin leveraged positions faced liquidation, with the majority being short positions. Previous geopolitical tensions have historically led to sharp declines in Bitcoin’s price; however, analysts believe the current situation may not lead to a similar outcome, with some suggesting it might even boost market confidence.