At 8 AM on #以色列伊朗冲突 , a shocking global news broke the silence: Israel launched an airstrike on Iran. As soon as the news broke, the financial markets were instantly turbulent, especially in the cryptocurrency sphere, where investors' nerves were tightly stretched. Ethereum, a leader in digital currency, seemed to touch a high point of 2800 USD in that moment, which then triggered a stir in the market—was this a signal of a peak? Is the cryptocurrency sphere about to face a new round of a massive crash?

In the face of such unexpected events, many people's first reaction might be panic. After all, military conflicts have always been seen as 'black swans' in financial markets, and the uncertainty they bring is often enough to cause asset prices to fluctuate instantly. However, when we calm down and carefully examine history and reality, we may find that things are not that simple.

Looking back over the past few years, the conflict between Russia and Ukraine has lasted quite a long time. Although there were indeed short-term violent fluctuations in the market at the beginning of the conflict, as time passed, investors gradually learned how to find balance amid this uncertainty. Similarly, the friction between Israel and Iran is not a new issue. Although these conflicts often tug at the nerves of the world, in the long river of financial markets, they seem no longer to be 'bombshells' that can trigger a comprehensive turmoil.

So why can the news of Israel's airstrike on Iran still cause a huge uproar in the cryptocurrency sphere? This may have a myriad of connections with the current market background and trends. In a bear market environment, any negative news can become the last straw that breaks the camel's back, triggering a complete market collapse. However, in the current bull market context, the situation is different. Although news of conflict can still trigger short-term market fluctuations, the main funds often use this news to manipulate market trends, forming a specific market atmosphere.

In such a market atmosphere, many investors are bound by a kind of inertia thinking. They firmly believe that once the price rises, a significant drop will inevitably follow. This obsession is particularly common in the cryptocurrency sphere, to the extent that many people, upon seeing slight price fluctuations, cannot wait to 'short' for profit. However, the reality is often not that simple.