On the morning of $BTC , a cannon sounded in the Middle East, and the cryptocurrency market instantly collapsed!

Early this morning, Israel suddenly airstriked Iranian nuclear facilities, causing global risk aversion sentiment to explode. Bitcoin plummeted by $2000 in 15 minutes, Ethereum directly fell below the $2500 mark, and the entire network had over $1 billion in liquidation within 24 hours — the most brutal was a Binance user who single-handedly lost $200 million; this wave was simply a 'mass cremation ground for leveraged players'.

​Why does war affect the cryptocurrency market?

Geopolitical conflicts are like dropping a bomb into the market, with funds frantically fleeing to gold and oil (gold prices surged to $3430, and oil prices skyrocketed by 6%). And what about the cryptocurrency market? It should clearly be 'digital gold', but it plummeted along with U.S. stocks.