Alright, folks! I am your old friend, Captain, the cryptocurrency analyst. Today, let's dig into why Bitcoin suddenly skyrocketed at 4 PM on June 20th! This is closely related to the subtle changes in the global situation. Below, I'll break it down for you in plain language, guaranteed to be relatable, informative, and insightful.
Case Reappearance:
A quick recap of the event: early on June 20, Russia bombarded the southern Ukrainian city of Odessa with drones. Ukraine reported one death and 14 injuries, with many buildings and apartments destroyed, even schools and cars were affected. (Source: Report from the Office of the Prosecutor General of Ukraine, the Russian side had not responded at that time). When this news broke, global media went crazy, the financial world immediately exploded - investors fear such sudden events, worried that war could affect the global economy, and risk aversion sentiment soared!
Why did Bitcoin soar at 4 PM? That was exactly the peak of the news fermentation. Think about it, the market is sensitive, especially during European and American trading hours. When panic sets in, everyone rushes to sell high-risk assets like stocks and bonds, and turns to 'safe havens'. Bitcoin, as 'digital gold', may usually have large fluctuations, but in times of war panic, it becomes very desirable - funds flood in like a torrent, and when buying pressure increases, the price naturally skyrockets.
Captain's personal opinion: the core is risk aversion, but don't overlook other factors.
As an analyst, my opinion is: this surge of 80% was driven by risk aversion! Geopolitical conflict is the trigger. Whenever there is a risk of war, Bitcoin is like a safe house - it doesn't rely on government endorsement, it's globally circulated quickly, and many large investors (especially institutional players) rush in to hedge against the chaos. Why was it most intense at 4 PM? Because that was when the news was at its hottest (for example, the Russian side's silence amplified uncertainty), combined with the crossover period of European stock market close and US stock market open, trading volume surged. But I must remind everyone, the Bitcoin market is too complex! Other factors also played a role:
Technical Support: Bitcoin has been oscillating around $106250 for a long time, which is a key support level, forcing shorts to cover, leading to a short squeeze.
Overall Environment Boost: Expectations of interest rate hikes by the Federal Reserve cooling down and stable inflation data added some fuel, warming up the atmosphere in the entire cryptocurrency space.
In summary, my judgment is: such event-driven surges come quickly and go quickly. If you're on the ride, enjoy it; if you've missed it, don't panic - short-term fluctuations are large, but the positioning of large funds for risk aversion could be a signal, Bitcoin will still follow macro trends in the long term.
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