Iran Sees Surge in Cryptocurrency Outflows After US-Israel Airstrikes on Tehran

Following US and Israeli airstrikes on Tehran, blockchain analytics firms reported a sharp increase in cryptocurrency outflows from Iranian exchanges, totaling about $10.3 million between February 28 and March 2. Data showed hourly outflows spiked up to nearly $2.9 million, with some firms suggesting this reflects both ordinary citizens moving funds amid geopolitical tensions and possible liquidity management by exchanges or state-linked actors. Market reactions included a brief Bitcoin price drop and subsequent rebound. Analysts note the activity may indicate stress rather than systemic capital flight.