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Why is Bitcoin always the first to be sold during every black swan event? Let's briefly discuss the logic of 'safe-haven assets'.
First, the conclusion: I believe that whenever there is a geopolitical conflict, the significant drop in Bitcoin is not a failure of its safe-haven property, but rather the strongest proof of its status as the ultimate safe-haven asset.
In the late night of June 12, 2025, to the early morning of June 13, Israeli airstrikes on Iranian nuclear facilities sent missiles tearing through the night sky, causing global markets to plunge into panic. Bitcoin immediately dropped by 5%, falling from $108K to a low of $102K.
Meanwhile, gold broke through $3,450 per ounce from a position of $3,388 per ounce, showing an increase compared to Bitcoin. On the surface, this seems to solidify gold's position as the 'king of safe-haven assets', while Bitcoin appears more like a 'risk asset' being sold off in panic.
However, this short-term appearance actually obscures a deeper truth and perfectly confirms Bitcoin's unique logic as the ultimate safe-haven asset:
To understand Bitcoin's 'safe-haven logic', one must first unravel a counterintuitive phenomenon: the more significant the risk event, the more likely Bitcoin is to be sold off first.
When a black swan strikes, investors instinctively react by 'grabbing cash'. Bitcoin, with its global nature, 24/7 uninterrupted trading, and high liquidity, becomes the preferred channel for the market to obtain emergency liquidity.
Gold may appear to rise, but during extreme moments it often faces issues of insufficient trading depth, widening spreads, and slow settlements, making its immediate liquidity far inferior to that of Bitcoin.
On June 13, Bitcoin faced a $3 billion sell-off, which the market absorbed amid significant selling pressure, stabilizing strongly at $102,400—this is not a weakness, but rather the best evidence of its market depth and resilience as a 'digital hard currency'.
Being sold off first is precisely because it is the high-quality asset that can be quickly liquidated.
First, the conclusion: I believe that whenever there is a geopolitical conflict, the significant drop in Bitcoin is not a failure of its safe-haven property, but rather the strongest proof of its status as the ultimate safe-haven asset.
In the late night of June 12, 2025, to the early morning of June 13, Israeli airstrikes on Iranian nuclear facilities sent missiles tearing through the night sky, causing global markets to plunge into panic. Bitcoin immediately dropped by 5%, falling from $108K to a low of $102K.
Meanwhile, gold broke through $3,450 per ounce from a position of $3,388 per ounce, showing an increase compared to Bitcoin. On the surface, this seems to solidify gold's position as the 'king of safe-haven assets', while Bitcoin appears more like a 'risk asset' being sold off in panic.
However, this short-term appearance actually obscures a deeper truth and perfectly confirms Bitcoin's unique logic as the ultimate safe-haven asset:
To understand Bitcoin's 'safe-haven logic', one must first unravel a counterintuitive phenomenon: the more significant the risk event, the more likely Bitcoin is to be sold off first.
When a black swan strikes, investors instinctively react by 'grabbing cash'. Bitcoin, with its global nature, 24/7 uninterrupted trading, and high liquidity, becomes the preferred channel for the market to obtain emergency liquidity.
Gold may appear to rise, but during extreme moments it often faces issues of insufficient trading depth, widening spreads, and slow settlements, making its immediate liquidity far inferior to that of Bitcoin.
On June 13, Bitcoin faced a $3 billion sell-off, which the market absorbed amid significant selling pressure, stabilizing strongly at $102,400—this is not a weakness, but rather the best evidence of its market depth and resilience as a 'digital hard currency'.
Being sold off first is precisely because it is the high-quality asset that can be quickly liquidated.
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What would you have gained 10 years ago with 100,000?
If you bought a house, you are still in debt.
If you bought a car, it is now worth about 10,000.
If you saved it in the bank, you now have 140,000.
If you bought #黄金 , it is now 320,000.
If you bought Moutai, it is now 850,000.
If you bought Xiaomi, it is now 1,500,000.
If you bought BYD, it is now 6,000,000.
If you bought #苹果 , it is now 9,800,000.
If you bought #特斯拉 , it is now 12,000,000.
If you bought #英伟达 , it is now 100 million.
If you bought #比特币 , it is now 260 million.
Did you see that? Since choice is greater than effort, what do you plan to buy in the next 10 years?
If you bought a house, you are still in debt.
If you bought a car, it is now worth about 10,000.
If you saved it in the bank, you now have 140,000.
If you bought #黄金 , it is now 320,000.
If you bought Moutai, it is now 850,000.
If you bought Xiaomi, it is now 1,500,000.
If you bought BYD, it is now 6,000,000.
If you bought #苹果 , it is now 9,800,000.
If you bought #特斯拉 , it is now 12,000,000.
If you bought #英伟达 , it is now 100 million.
If you bought #比特币 , it is now 260 million.
Did you see that? Since choice is greater than effort, what do you plan to buy in the next 10 years?
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Due to the impact of the attack by 25352384443 on Iran, 60314393366 has surged significantly, while US stock index futures and the cryptocurrency market have seen widespread declines. #BTC dropped to around 102,600 USD at its lowest. According to CoinAnk data, in the past 24 hours, the total liquidation amount in the cryptocurrency market reached 1.013 billion USD, of which the liquidation amount for long positions was about 937 million USD, and for short positions was about 75.5489 million USD. The liquidation amount for BTC was 419 million USD, and the liquidation amount for #ETH was about 215 million USD.
The impact of the upgrade on the financial market shows typical characteristics of geopolitical risk transmission, and it also reflects the intensification of the divergence between safe-haven assets and risk assets. Israel's military actions against Iran have triggered panic, causing gold, as a traditional safe-haven asset, to rise sharply contrary to market trends, continuing the historical pattern of 'buying gold in chaotic times' during Middle Eastern conflicts. Meanwhile, US stock index futures have broadly declined, reflecting investors' selling behavior towards risk assets, consistent with the market reaction logic of the US stock market's single-day drop of 475 points during the Iranian attack on Israel in April 2024.
Bitcoin has plummeted, with a total liquidation of 1.013 billion USD across the network, of which long positions accounted for 92.4%, highlighting the fragility of leveraged funds in sudden geopolitical events. This phenomenon resonates with the historical case of the cryptocurrency market experiencing a single-day liquidation of 966 million USD during the Middle Eastern conflict in April 2024, indicating that the cryptocurrency market has not yet detached from its high-risk speculative nature. It is noteworthy that the imbalance in the liquidation ratio (with long positions exceeding 90%) reflects the majority of investors misjudging the safe-haven function, resulting in an actual trend that diverges from traditional safe-haven assets like gold.
Although some studies advocate that Bitcoin possesses 'digital gold' attributes, this event once again verifies that in the face of sudden geopolitical crises, cryptocurrencies are more susceptible to liquidity squeezes and leveraged liquidations, amplifying volatility, and their safe-haven function remains unstable. The current divergence in the trends of gold and cryptocurrencies essentially reflects the risk pricing differences between traditional safe-haven mechanisms and emerging assets, and investors are advised to be wary of asset mismatch risks in geopolitical risks.
The impact of the upgrade on the financial market shows typical characteristics of geopolitical risk transmission, and it also reflects the intensification of the divergence between safe-haven assets and risk assets. Israel's military actions against Iran have triggered panic, causing gold, as a traditional safe-haven asset, to rise sharply contrary to market trends, continuing the historical pattern of 'buying gold in chaotic times' during Middle Eastern conflicts. Meanwhile, US stock index futures have broadly declined, reflecting investors' selling behavior towards risk assets, consistent with the market reaction logic of the US stock market's single-day drop of 475 points during the Iranian attack on Israel in April 2024.
Bitcoin has plummeted, with a total liquidation of 1.013 billion USD across the network, of which long positions accounted for 92.4%, highlighting the fragility of leveraged funds in sudden geopolitical events. This phenomenon resonates with the historical case of the cryptocurrency market experiencing a single-day liquidation of 966 million USD during the Middle Eastern conflict in April 2024, indicating that the cryptocurrency market has not yet detached from its high-risk speculative nature. It is noteworthy that the imbalance in the liquidation ratio (with long positions exceeding 90%) reflects the majority of investors misjudging the safe-haven function, resulting in an actual trend that diverges from traditional safe-haven assets like gold.
Although some studies advocate that Bitcoin possesses 'digital gold' attributes, this event once again verifies that in the face of sudden geopolitical crises, cryptocurrencies are more susceptible to liquidity squeezes and leveraged liquidations, amplifying volatility, and their safe-haven function remains unstable. The current divergence in the trends of gold and cryptocurrencies essentially reflects the risk pricing differences between traditional safe-haven mechanisms and emerging assets, and investors are advised to be wary of asset mismatch risks in geopolitical risks.
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Holding USDT but worried about dollar depreciation? Perhaps you should learn about the 'gold token' $PAXG on Binance.
As the trend of dollar depreciation has become increasingly evident in recent years, especially in April 2025 when the dollar fell over 4.5% against other major currencies, marking the largest single-month decline in nearly three years, global investors began to reassess capital allocation. Especially in the crypto market, many people choose to hold funds in stablecoins (such as USDT, USDC) while waiting for clearer market direction. However, although stablecoins are pegged to the dollar, their actual purchasing power can be eroded when the dollar itself depreciates.
$PAXG
In this environment, what investors need is not just 'stability' but also assets that have 'inflation resistance and value preservation' capabilities. This is precisely the unique value of Paxos Gold (PAXG) in the crypto market.
$PAXG
In this environment, what investors need is not just 'stability' but also assets that have 'inflation resistance and value preservation' capabilities. This is precisely the unique value of Paxos Gold (PAXG) in the crypto market.
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In the past month, traditional assets such as the #股票 fund experienced a net outflow of 5.9 billion dollars, and the #黄金 ETF fund also saw a rare outflow of funds for the first time in 15 months. According to CoinAnk data, the global #加密ETF fund performed well, attracting over 7 billion dollars in net inflows across nearly 300 funds, pushing the overall asset management scale to a historical high of 167 billion dollars. This marks an important milestone for the cryptocurrency market. It highlights that investors are viewing crypto assets as a strategic tool for a diversified investment portfolio, rather than merely as high-risk speculative products, reflecting a hedge against the weakness of the dollar and global economic uncertainty. This shift in funding reveals that cryptocurrency is gradually becoming a mainstream allocation. We believe the inflow trend will continue but stabilize, indicating an increase in market maturity, which helps enhance the appeal of crypto assets as an inflation hedge. For the crypto market, this phenomenon may accelerate institutional capital entry, improving overall liquidity and price stability, but high volatility and regulatory uncertainty still pose risks, and attention should be paid to short-term fluctuations that may arise from policy changes.
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Everything is ready, only the east wind is missing; today the big cake will continue to rise, and no rebuttal will be accepted!
During the Asian trading session on Sunday, the big cake was consolidated around 60k, and the short-term trend did not change much. Looking back at the overall trend this week, it was mainly based on shock consolidation. It should not fall, and there must be a big rise!
While you are staring at the rise and fall of the big cake, the international gold price hit a record high on Friday;
Boosted by the market's expectations of the Fed's upcoming interest rate cut, the international gold price broke through $2,500/ounce for the first time on Friday, and the increase once reached 1.8%, breaking the highest record just set last month.
The start of new housing in the United States was lower than expected, which strengthened the market's expectations that the Fed would quickly and vigorously cut interest rates.
In addition, the tense situation in the Middle East and the continued conflict between Russia and Ukraine have led to an increase in demand for gold as a safe-haven asset due to rising geopolitical risks. The overall gold price has risen by about 20% this year.
#加密市场反弹 #黄金 #BTC☀
During the Asian trading session on Sunday, the big cake was consolidated around 60k, and the short-term trend did not change much. Looking back at the overall trend this week, it was mainly based on shock consolidation. It should not fall, and there must be a big rise!
While you are staring at the rise and fall of the big cake, the international gold price hit a record high on Friday;
Boosted by the market's expectations of the Fed's upcoming interest rate cut, the international gold price broke through $2,500/ounce for the first time on Friday, and the increase once reached 1.8%, breaking the highest record just set last month.
The start of new housing in the United States was lower than expected, which strengthened the market's expectations that the Fed would quickly and vigorously cut interest rates.
In addition, the tense situation in the Middle East and the continued conflict between Russia and Ukraine have led to an increase in demand for gold as a safe-haven asset due to rising geopolitical risks. The overall gold price has risen by about 20% this year.
#加密市场反弹 #黄金 #BTC☀
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"Bitcoin breaks through $52,000", one coin can be exchanged for one and a half kilograms of gold? The dispute between gold and Bitcoin is once again in full swing!
Since the U.S. SEC approved the Bitcoin spot ETF to land on the U.S. stock market in January this year, it took only 30 trading days for the Bitcoin ETF to expand from zero to nearly 40 billion U.S. dollars, surpassing the silver ETF by more than 10 billion U.S. dollars. The scale of gold ETFs and the scale of about more than 90 billion US dollars have temporarily formed a "30-70" pattern. The Bitcoin spot ETF has thus become the fastest-growing ETF in Wall Street history.
The massive injection of US dollar liquidity has allowed the price of Bitcoin to remain at $52,000 recently. According to the current international gold price of about US$2,000 per ounce, the value of one coin can be exchanged for about one and a half pounds of gold (1 ounce = 28.35 grams).
The massive injection of US dollar liquidity has allowed the price of Bitcoin to remain at $52,000 recently. According to the current international gold price of about US$2,000 per ounce, the value of one coin can be exchanged for about one and a half pounds of gold (1 ounce = 28.35 grams).
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