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Bitcoin has spent this week staging a convincing defence of the $67,035 monthly open and, as of Wednesday, is pressing against the lower boundary of the $72,000–$82,000 air gap again. This is the zone of thin historical accumulation our analysts have identified as the most probable expansion target if sustained demand returned. The catalyst is geopolitical  rather than macro. And the mechanism by which it operates reveals something important about how markets actually process conflict risk.