India-Pakistan conflict heating up⊠but $ETH and $BTC climbing⊠hereâs why I think itâs all connected..
Weâve got serious escalation at the border:
â April 22: terror attack in Kashmir kills 26 civilians
â May 6: India launches âOperation Sindoor,â hitting 9 sites inside Pakistan
â Pakistan retaliates with drone strikes, claims downed jets + 25 Indian drones
â Civilian casualties: 31 in Pakistan, 16 in India
â Border shelling is daily now, diplomatic ties broken, Indus Waters Treaty suspended
Normally, this kind of geopolitical tension triggers a selloff. But $BTC just crossed $100K and $ETH is above $2K
Why?
1) $ETH is running on fundamentals.
â Pectra upgrade went live on May 7 major boost to scalability and staking
â Active addresses up 10% in 48 hours
â Devs and whales both loading up quietly
2) $BTC has become the macro bid.
â $900M+ ETF inflows weekly
â BlackRock alone bought 42,000 BTC in 3 weeks
â Fed pivot is looming, and BTC's narrative as digital gold is alive again
But hereâs what i think:
Weak country = weak currency. And war accelerates that.
The Pakistan rupee is already on life support. INR volatility just spiked to 2-year highs.
And in these moments, regional capital often flees into harder assets like BTC, ETH, USDT â to avoid local collapse.
So imo, we might be seeing stealth rotation out of PKR/INR into crypto.
Not huge numbers yet, but enough to prop up the charts while TradFi watches from the sidelines.
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