According to Cointelegraph, as the Middle East conflict prompted traders to reduce risk assets positions, Bitcoin declined nearly 5% this week, moving in sync with the S&P 500, Dow Jones, Nasdaq, and gold. In contrast, crude oil prices performed strongly, rising 53% since the outbreak of the US-Israel-Iran war on February 28, 2026. Data from Kobeissi Letter shows that S&P 500 ETFs (SPY) and Nasdaq-100 ETFs (QQQ) recorded cumulative outflows of $6.4 billion over the past three months, hitting a historic high. Bitcoin spot ETFs also recorded net outflows of $253 million over the past two days. Analyst Finish pointed out that before the war situation stabilizes, the market will maintain a "risk-averse" stance, with Bitcoin potentially seeking a bottom around $55,000.