Reason for the big drop: On June 22, market news indicated that the Iranian parliament had approved a proposal to close the Strait of Hormuz. However, this measure still requires a final decision from the highest security agency.

The current drop is just an appetizer; if the strait is closed, it would be a super waterfall, and a halving of the index is not impossible. If the resolution does not pass, the market won't go up either. This is because US bonds need to harvest funds back to the US, and high-risk stocks and cryptocurrencies need to collectively run away. Stay safe $BTC $ETH