币界网报道：Bitcoin rebounded to around $102,000 on Monday after briefly dipping below $99,000 amid geopolitical tensions following U.S. missile strikes on Iranian targets, which liquidated over $1 billion in leveraged crypto positions. Derive.xyz reported heightened short-term volatility, with one-week implied volatility peaking at 45% for Bitcoin and 83% for Ethereum before moderating slightly. Derive's Head of Research, Dr. Sean Dawson, warned that volatility signals further uncertainty ahead. Meanwhile, QCP Capital analysts noted traders are downplaying the likelihood of an immediate Strait of Hormuz blockade, which Coin Bureau's Nic Puckrin called "economic suicide" for Iran, contributing to Bitcoin's recovery. Long-short ratios remain slightly bearish, but institutional adoption continues to grow, with Texas becoming the third U.S. state to establish a Bitcoin reserve and firms like MicroStrategy expanding holdings. BRN analyst Valentin Fournier highlighted Bitcoin's long-term resilience and Solana's potential outperformance in a recovery, while Ethereum faces short-term institutional hesitancy. Markets await key events, including the July 9 tariff deadline and the Fed's July 30 meeting, with QCP noting crypto remains at an inflection point between risk-on and risk-off sentiment.