Despite a cascade of negative catalysts—Iran conflict escalation, the CLARITY Act getting blocked, the Fed's first rate hike in three years, Treasury yields hitting multi-decade highs, Strategy dumping 6,916 $BTC, exploits on COLDCARD and Ledger, and a Binance hack—$BTC has held up. The price action suggests seller exhaustion and underlying resilience in the face of what would normally be market-crushing headlines.