The Polymarket prediction market shows a 47% probability that Iran will close the Strait of Hormuz by June 30.

After Iran released news 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 view Iran's closure of the Strait of Hormuz as a tail risk; even if the Supreme National Security Council orders a closure, it would likely 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 crypto market will experience a dramatic reversal similar to what happened on April 7 of this year.

Looking back over the past few years in the crypto market, every time FUD reaches its peak, it has been a good buying opportunity.