At #以色列伊朗冲突 , a cannon sounded in the Middle East, and the cryptocurrency market instantly collapsed!
In the early hours of today, Israel suddenly launched an airstrike on Iranian nuclear facilities, causing global risk aversion sentiments to explode. Bitcoin plummeted by $2000 in 15 minutes, Ethereum directly fell below the $2500 mark, and over $1 billion was liquidated across the network in 24 hours—what's most brutal is that a user on Binance had a single liquidation of $200 million; this wave is 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, with funds frantically fleeing towards gold and oil (gold prices soared to $3430, and oil prices jumped by 6%). And what about the cryptocurrency market? It should clearly be "digital gold," yet it fell along with U.S. stocks. Simply put, large funds now only recognize "true safe havens" and do not trust that altcoins can withstand risks. Additionally, the market was previously heavily leveraged (unsettled BTC contracts rose by 18% in a week), and manipulators took advantage of the news to crash the market and harvest profits, leaving retail investors with no chance to escape.
What does the future hold? To sum it up in three sentences:
