The impact of geopolitics on the crypto market is fundamentally a function of 'liquidity expectations + market structure':

• Short-term: Panic triggered by geopolitical conflicts amplifies volatility, but ETF and OTC buying have built a buffer, stabilizing the market.

• Long-term: War accelerates the crisis of trust in fiat currencies, and Bitcoin's 'non-sovereign asset' attribute supports its demand as a store of value.

• Operational strategy: Positioning during liquidity crises (below $96,000), and after interest rate cuts, combining on-chain signals (such as increased USDT reserves and reduced large BTC inflows to exchanges) to enhance returns.

Points of focus:

1. On-chain indicators: A decrease in large BTC inflows to exchanges and a surge in stablecoin on-chain trading volume can serve as buying signals.

2. Macro triggers: Changes in CEX stablecoin reserves before an escalation in geopolitical conflicts or the implementation of interest rate cuts are indicators of capital return.

Do you have specific events (such as conflicts in certain regions) or on-chain indicators as operational triggers? Let's discuss in the comments!