Looking at the cryptocurrency market over the past few years, every time FUD reaches its peak, it has been a good buying point.

The Polymarket prediction market shows that the probability of Iran closing the Strait of Hormuz before June 30 is 47%.

After news from Iran about submitting a proposal to the Supreme National Security Council to close the Strait of Hormuz, the probability on the Polymarket prediction market rose from 14% to this level.

However, institutional analysts still consider Iran closing the Strait of Hormuz as a tail risk. Even if the Supreme National Security Council orders a closure, it would only be a symbolic closure for a few days.

Therefore, my personal judgment is that in the next 7 days, the altcoin market in the cryptocurrency space will experience a dramatic reversal similar to what happened on April 7 of this year.