Yes, of course. There are no conclusions here. We're all simply speculating, but based on available facts, of course. As a matter of fact, there is also that possibility that all these price movements of Bitcoin and the rest of the crypto market don't have anything to do with this Russia-Ukraine conflict or war. War has been imminent for the past hours, days, and weeks and yet Bitcoin generally behaves the way it has always been. Perhaps we couldn't even provide conclusive answers to a more fundamental question, will Bitcoin's price significantly react to regional conflict the way the traditional market does?
I mean, it already did react the same way as traditional markets did
(US stock market specifically, but not as bad as Ukrainian and Russian markets did — obviously); and I don't think $BTC and the risk-on US tech stocks moving in tandem would change any time soon.
We may be referring to different sets of data. On the very day Putin ordered the attack on Ukraine, CNN Business headlines
Global stocks plunge as Russia attacks Ukraine. Which in detail means, in terms of European stocks, "FTSE 100 fell 3.9% in London, France's CAC 40 dropped 3.8% and Germany's DAX 30 shed 4%." Furthermore, "Russian stocks crashed, with the country's main index dropping 45% before recovering some losses and closing 33% lower."
[1]In terms of US stocks, "the Nasdaq Composite declined 0.2%, opening the day in bear-market territory. The Dow sank 1.9%, or 675 points. The S&P 500 fell 1.2%."
[Ibid.]Meanwhile, "in Asia, Hong Kong's Hang Seng Index (HSI) dropped 3.2%, its biggest daily loss in five months. Japan's Nikkei 225 (N225) lost 1.8% and China's Shanghai Composite moved 1.7% lower."
[Ibid.]Also, "the Russian ruble briefly crashed about 10% to a record low of 90 against the US dollar."
[Ibid.]On the same day, Bitcoin, on the other hand, opened at $37,372 and closed at $38,363. For the past 24 hours, Bitcoin has registered a double-digit growth.
[2]
[1]
https://edition.cnn.com/2022/02/23/investing/dow-futures-global-markets-russia-operation-intl-hnk/index.html[2]
https://www.coingecko.com/en/coins/bitcoin