Bitcoin Faces Test After Venezuela Attack, But Analyst Sees No Major Pullback

[Ben Graham]

According to market observers, the US strikes on Venezuela early Saturday are not expected to push Bitcoin into a large sell-off. The strikes took place at around 6 a.m. UTC and lasted for about 30 minutes, reports show.

Michael van de Poppe, founder of MN Trading Capital, wrote on X that he does not expect “a widespread correction” tied to the attack, arguing the event was planned and has already passed market participants. Other analysts shared a similar view, saying dramatic moves usually come when traders expect worse things ahead.

Bitcoin: Market Moves And Liquidations

Based on reports, Bitcoin held firm above the $90,000 mark. CoinGecko data showed a rise of 1.50%, putting the token at $91,320 at the time of publication.

I don’t think we’ll see a widespread correction based on the attack in Venezuela on #Bitcoin.

It’s a planned and coordinated attack on Maduro, and is already past us.

The likelihood of more negativity on the markets from that single event are relatively slim.

I would assume…

— Michaël van de Poppe (@CryptoMichNL) January 3, 2026

CoinGlass figures indicate about $60 million in Bitcoin positions were liquidated over the prior 24 hours, with roughly $55 million of that coming from short bets. That kind of forced selling can amp up volatility for a short period. Still, the broader pattern this time looked muted.

Historical Drops Have Happened Fast

There have been episodes when conflict pushed prices down quickly. In June 2025, for example, Bitcoin fell nearly 3%, sliding from $106,000 to $103,000 inside roughly 90 minutes after explosions in Tehran.

Traders point out that sudden moves often follow when markets fear ongoing escalation. Here, many market watchers see less chance of follow-up actions that would deepen panic.

Federal Debt And Genesis Day In The Middle Of Market Noise

Based on reports, the US national debt passed $38 trillion on Saturday, with the US National Debt Clock placing it near $38.5 at the time. That milestone came as Bitcoin fans marked “Genesis Day,” the anniversary of the first block mined by Satoshi Nakamoto.

Happy Bitcoin Genesis Block day

— Paolo Ardoino (@paoloardoino) January 3, 2026

Paolo Ardoino, CEO of stablecoin issuer Tether, posted a celebratory message, while Sam Callahan, director of strategy and research at BTC treasury firm OranjeBTC, echoed the sentiment.

For many in the community, the headline embedded in the Genesis Block remains a symbol of a monetary system capped in supply and not subject to the same printing pressures as fiat.

Yeah generally the market really nukes when we expect things to get worse afterwards which doesn’t seem to be the case. Could see this actually bring some green to the market as people take this as a sign of strength tho

— Tyler Hill (@Tylerhill) January 3, 2026

Community Reaction And Context

Reports have shown some in the crypto space treated events like the strike and the rising US debt as separate but related stories. A few traders said the strike could bring “green” to markets as investors interpret decisive action as a sign of control, an outlook voiced by analyst Tyler Hill.

Meanwhile, others emphasized that the immediate market response has been calm rather than panicked. Social posts and onchain flows were watched closely by hedge funds and retail traders alike.

Featured image from Unsplash, chart from TradingView