On the morning of #以色列伊朗冲突 , a sound of cannon fire in the Middle East caused the cryptocurrency market to collapse in an instant! This morning, Israel suddenly launched an airstrike on Iranian nuclear facilities, triggering a global rush for safe-haven assets. Bitcoin plummeted by $2000 in 15 minutes, Ethereum directly broke below the $2500 mark, and over $1 billion in liquidations occurred across the network within 24 hours—most notably, a user on Binance lost $200 million in a single trade, making this a 'mass graveyard for leveraged players'.

​Why does war affect the cryptocurrency market?​​

Geopolitical conflicts are like dropping a bomb into the market, causing capital to frantically flee towards gold and oil (gold prices surged to $3430, oil prices jumped by 6%). And what about the cryptocurrency market? It was supposed to be 'digital gold', but it plummeted along with US stocks. Simply put, large capital now only recognizes 'true safe havens' and does not trust that altcoins can withstand risks. Furthermore, the market was previously highly leveraged (BTC open interest rose by 18% in one week), and manipulators took advantage of the news to crash the market and harvest profits, leaving retail investors with no chance to escape.