Analysis: LocalBitcoins transaction data cannot explain the "Iran situation triggers Bitcoin rise" conjecture

The tension caused by the situation in Iran is considered by some analysts to be the reason for the recent surge in bitcoin, however, recent transaction data on LocalBitcoins, the world's largest peer-to-peer bitcoin trading platform, does not seem to fit this interpretation. Assuming that Bitcoin's recent rise is due to its hedging nature, then in common sense, the buying interest of Iranian users on LocalBitcoins should soar. However, in the past week, the BTC / IRR (Iranian rial) trading volume was only $ 708. In fact, since the price of bitcoin soared last summer, Iranian users' interest in bitcoin purchases has been declining.