Bitcoin maximalist Samson Mow had expressed his views on the decline over the weekend, when fears about some negative developments in the Middle East saw the BTC price drop more than 13% to the $63,240 region.

Mow tweeted that TradeFi markets had their share of panic today, but that he believed this was all nothing but an overreaction and “will be over soon.” When that happens, “then it will be Omega time” for Bitcoin, he added.

$BTC $LUNC