Is the "92% in loss" stat a buy signal? Here is why Iran and Russia are ignoring the red candles.

today. 92% of short-term holders are in the red. But if you look at the geopolitics, the story is very different. To be fair, while retail investors are panicking, sanctioned nations like Iran and Russia are using Bitcoin as a settlement layer for actual oil and energy trade.

Straight up, volatility doesn't matter when you are cut off from the global banking system. They aren't looking at the 1-hour chart; they are looking at survival. Is this the ultimate filter for the market?

Thoughts? Is Bitcoin transitioning from a speculative asset to a global bypass tool?