Svmuu News: As tensions in the Middle East escalate and send shockwaves through global markets, Bitcoins have recently outperformed traditional assets. Data shows that since the outbreak of the Iran-related conflict, the Bitcoin has risen by approximately 3.5% to around $68,000, while gold has fallen by about 5% and silver by about 12% over the same period.while the Nasdaq 100 and S&P 500 have fallen by about 1% and 1.5%, respectively.Market analysts believe that the recent rebound in Bitcoins is linked to leverage unwinding in the derivatives market. Data shows that the open interest in futures contracts denominated in Bitcoin has declined, while the funding rate for perpetual contracts has remained at a negative level of approximately -3.5%, indicating that short positions remain crowded.Meanwhile, the “Coinbase” has reemerged, and combined with continued net inflows into spot ETFs, this suggests that U.S. institutional investors may be viewing the current price range as a new opportunity to build positions. On the macro front, driven by geopolitical tensions, WTI crude oil briefly rose to around $116 per barrel before retreating to approximately $100 amid expectations that the G7 would release strategic reserves;The U.S. Dollar Index rose to around 99, while the 10-year U.S. Treasury yield climbed from around 4% to approximately 4.2%. (CoinDesk)