When the black swan flaps its wings, Bitcoin is bound to drop below 100,000! Iran's 'revenge' has become a sword of Damocles hanging over the crypto world.
The probability of Iran retaliating against the US has been predicted by the market to be 66%! This is no small matter; it has directly scared Bitcoin into dropping below the $100,000 mark for the first time in over a month, stuck around $99,666. Just think, last month it was soaring to challenge $110,000!
Why is it falling so badly?
It's an explosion of panic emotions!
The United States has just bombed Iran's nuclear facilities.
The US itself is nervous, with major cities on high alert; intelligence reports that Iran is about to take action.
The Iranian parliament is even harsher, voting to close the global oil lifeline—the Strait of Hormuz! If they actually do this, global oil prices will skyrocket, the economy will tremble, and risk assets will be the first to bear the brunt!
The market is in a state of wailing:
Ethereum dropped over 9% in just one day!
Ripple XRP and Binance Coin couldn't hold up either, falling 4-8%.
Dogecoin DOGE and Cardano ADA are even worse, with declines heading straight for double digits!
The entire market is a sea of red, making people feel anxious. Even 'dead long' MicroStrategy's Saylor, who said he would continue to buy, couldn't withstand the panic selling for the time being. The bears are taking the opportunity to double down, calling for a significant drop.
To be honest, this drop is really distressing! It was hard-earned to stabilize at $100,000, only to be knocked down by geopolitical issues. Iran's situation is like a ticking time bomb; as long as it stays silent, the market won't be able to relax. But on the flip side, this panic-induced drop might also mean opportunity for friends who have been waiting to get in. Those with strong hearts and far-sighted vision might already be secretly counting their chips.
Will Iran's 'revenge script' actually play out? If so, will the market collapse or rebound? Can Bitcoin quickly recover at the 100,000 mark? This dramatic situation will definitely influence the upcoming market trends!