The conflict in the Middle East and the statements of the United States and Iran continue to affect Bitcoin ($BTC) and oil prices.
Although this situation has fueled speculation about a correlation between Bitcoin and oil prices, Binance Research claims that there is no significant correlation between $BTC and oil prices.
According to a recent report from Binance Research, the price of Bitcoin moves independently of oil prices and maintains its own upward trend even in times of crisis.
Binance Research said its study analyzed 10 years of data. Analysts said the data confirmed there was no long-term correlation between Bitcoin and oil prices.
The report reveals that the two assets do not influence each other except during specific periods of increased liquidity.
“…the Russia-Ukraine war of 2022 and the Hormuz crisis of 2026 showed the same two-stage pattern. After the market shock, volatility increased for 1-3 days, and then Bitcoin traded based on its fundamental momentum.”
Binance Research highlighted that Bitcoin has also risen in the face of the current rise in oil prices resulting from the Strait of Hormuz blockade, outperforming both stocks and gold. This rise is driven by institutional demand, notably flows into spot ETFs and institutional purchases.
The report also states that oil prices are a factor that increases volatility rather than determining the direction of Bitcoin’s price.
“Oil shocks increase the short-term volatility of Bitcoin but do not determine its price trend.”
In the current structure, where institutional flows form the backbone of the market, geopolitical events such as sudden increases in oil prices are seen as entry opportunities rather than risk factors for investors. $BTC.
*This does not constitute investment advice.
