#以色列伊朗冲突 A cannon shot in the Middle East, and the cryptocurrency market crashes instantly!
Early this morning, Israel suddenly launched airstrikes on Iranian nuclear facilities, causing global risk aversion sentiments to explode. Bitcoin plummeted by $2000 in 15 minutes, Ethereum fell below the $2500 mark, and over $1 billion was liquidated across the network in 24 hours — the most extreme case being that a user on Binance lost $200 million in a single transaction; this wave was simply a 'collective cremation ground for leveraged players'.
Why does war affect the cryptocurrency market?
Geopolitical conflicts are like dropping a bomb into the market, causing funds to flee wildly towards gold and oil (gold price surged to $3430, oil price spiked by 6%). And what about the cryptocurrency market? It was supposed to be 'digital gold', but instead, it plummeted along with U.S. stocks. In simple terms, large funds now only recognize 'real safe-havens' and have no faith that altcoins can withstand risks. Moreover, the market was previously highly leveraged (unsettled BTC contracts increased by 18% in a week), and market manipulators took advantage of the news to crash prices and reap profits, leaving retail investors with no chance to escape.
