At 8 AM, a shocking piece of news broke the tranquility: Israel launched an airstrike on Iran. As soon as the news came out, the financial markets were instantly stirred, especially in the cryptocurrency sector, where investors' nerves were tightly pulled. Ethereum, the leader in digital currency, seemed to touch the high point of $2800 in that moment, which then triggered a commotion in the market—was this a signal of a peak? Is the cryptocurrency sector about to face a new round of major declines?

In the face of such an unexpected event, many people's first reaction may be panic. After all, military conflicts have always been regarded as a 'black swan' for the financial markets, and the uncertainty they bring is often enough to cause asset prices to fluctuate instantly. However, when we calm down and carefully examine history and reality, we may find that things are not that simple.

Looking back over the past few years, the conflict between Russia and Ukraine has lasted quite a long time. Although there were indeed short-term violent fluctuations in the market during the early stages of the conflict, over time, investors gradually learned how to find a balance amid this uncertainty. Similarly, the friction between Israel and Iran is not a new issue. Although these conflicts often tug at the nerves of the world, in the long river of financial markets, they seem no longer to be 'bombshells' capable of triggering widespread turmoil.

So why can the news of Israel's airstrike on Iran still cause a huge uproar in the cryptocurrency sector? This may be intricately linked to the current market background trends. In a bear market environment, any negative news can become the last straw that breaks the camel's back, triggering a complete market collapse. However, under the current bull market background, the situation is different. Although news of conflict can still trigger short-term market fluctuations, major funds often use this news to manipulate market trends, forming a specific market atmosphere.

In such a market atmosphere, many investors are bound by a kind of habitual thinking. They firmly believe that once prices rise, a significant drop will inevitably follow. This obsession is particularly common in the cryptocurrency sector, to the extent that many people, upon seeing even a slight price fluctuation, are eager to 'short' for profit. However, the reality is often not that simple.