The assertion that the market crash is due to the Israel-Iran conflict is inaccurate. Historical data shows that geopolitical tensions, including the ongoing issues between Ukraine and Russia and previous tensions between China and Taiwan, have not directly impacted cryptocurrency valuations significantly. Russia, a significant player in Bitcoin mining, and the events there did not markedly influence the market. Similarly, potential conflicts involving China, which mines over 21% of Bitcoin, did not destabilize the market. The major influencers in cryptocurrency fluctuations are typically large-scale financial movements by major stakeholders, not geopolitical unrest. Major mining contributors like the United States, Kazakhstan, and Canada, which collectively mine a significant portion of Bitcoin, have seen political and economic challenges without direct repercussions on the cryptocurrency market. Recent market downturns are more likely due to substantial withdrawals by significant investors rather than external conflicts. As an insider among these significant investors, I have observed preparations for large-scale withdrawals which more plausibly explain the market's recent behavior.

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