When state power changes hands and the crypto market collide, the apparent calm often conceals underlying currents.

A sudden push notification flashes an explosive news story: a major country experiences a regime change. This market observer, who has been closely monitoring cryptocurrencies and international affairs, immediately senses something is amiss — this is not just geopolitical news, but an excellent window into crypto market psychology.

Let's look at what happened in the past 24 hours: Bitcoin briefly broke through the $90,500 mark but quickly retreated, forcing the liquidation of over 110,000 traders' positions worldwide. But here’s the interesting part — despite such a major black swan event, the crypto market’s resilience far exceeded expectations. What does this indicate? It suggests that market sentiment is undergoing subtle changes.

Even more noteworthy is that the local opposition immediately made a promise: to turn their country into a strategic partner for a major nation in energy and security sectors.

**The market’s "buy the rumor, sell the fact" rule is once again validated**

Although Bitcoin briefly fell below $90,000 after the news was announced, the sell-off did not continue. Prices quickly rebounded and stabilized above this psychological threshold. Why is that? The key lies in market uncertainty about a single issue — what will happen to the potential crypto reserves?

There are rumors that the former regime, through gold swaps and oil trade networks, accumulated an estimated $60 billion worth of “hidden reserves” in cryptocurrencies. What does this figure mean? It’s comparable to the Bitcoin holdings of a major listed company. But control of this massive sum (the private keys) has become a suspense — who will control these assets, and how will the final distribution be carried out? These variables are quietly influencing market pricing.