Recently, an interesting phenomenon is worth discussing: when geopolitical tensions escalate, Bitcoin surprisingly demonstrates remarkable stability.

In the past week, the US-Mexico border situation has escalated, the US government has applied pressure on certain regimes, and reports of conflicts at the Mexican border have emerged. According to traditional financial logic, such events usually trigger safe-haven capital to flow into assets like gold. But how does Bitcoin react? Instead, it remains firmly above $90,000, with extremely limited fluctuations within 24 hours.

What does this indicate? Some analysts have offered intriguing interpretations — the crypto market may have entered a "desensitization period." In their words, the market has become numb to major geopolitical conflicts, with only about 5% volatility even during significant tensions. This reflects a change in the mindset of Bitcoin as an asset.

Even more interesting is the on-chain data performance. According to recent weekly fund flow statistics, institutional wallets have seen a net inflow of $2.3 billion. The implications behind this are worth pondering — during times of increased geopolitical uncertainty, what are professional funds doing? The answer is buying on dips. Such actions often indicate market participants' confidence in the long-term outlook.

However, potential risks must also be acknowledged. If geopolitical conflicts escalate further to involve sanctions related to energy trade, dollar liquidity could face real pressure, making all risk assets vulnerable. The apparent calm may sometimes be just the calm before the storm.

The question now is: do you think Bitcoin is truly resilient this time, or is it just waiting for the next shock?