👍 Market muscle memory.. sell for cash when war.
My first thought was that some hodlers in the ME needed the cash to go fight or defend themselves. But don’t arms dealers prefer sound money?
Don't think hodlers sold. I would guess it was a mix of Algos that were triggered and traders who can only use bitcoin to trade on weekends. Or.. Iran put on some shorts to get some cheap btc before it launched the attack 😄