Large funds now only recognize "true hedging" and fundamentally do not believe that altcoins can withstand risks. Additionally, with the market's leverage fully utilized (BTC's open interest contracts rose 18% in a week), the market manipulators directly smashed the prices based on news, leaving retail investors with no chance to escape.
How will the future unfold? Three statements to clarify:
Optimistic scenario: If the US and Iran reach an agreement over the weekend, BTC might touch $108,000, but don't expect a V-shaped reversal;Neutral scenario: Both sides fire a few missiles but do not escalate the conflict, BTC hovers around $105,000;Pessimistic scenario: Iran blocks the Strait of Hormuz, BTC drops directly below $90,000, prepare a bag to catch the bloodied bargains.