5 On-Chain Signals Suggest Bitcoin’s War-Driven Dip Masks a Quiet Wealth Transfer

Bitcoin’s (BTC) price dropped nearly 3% since the weekend after US-Iran ceasefire talks failed in Islamabad. The largest cryptocurrency slipped below $71,000 today. It was trading at roughly $70,960 at press time. On-Chain Data Reveals a Wealth Transfer as Bitcoin Drops on US-Iran News However, on-chain data tells a different story beneath the surface-level panic.