$BTC A cannon shot echoed in the Middle East, and the cryptocurrency market collapsed in an instant!
Early this morning, Israel suddenly launched airstrikes on Iranian nuclear facilities, triggering a global flight to safety. Bitcoin plunged $2,000 in 15 minutes, and Ethereum fell below the $2,500 mark. Over the past 24 hours, more than $1 billion was liquidated across the entire network—most notably, a trader on Binance lost $200 million in a single trade, turning this into a 'collective funeral for leveraged players'.
Why does war affect the cryptocurrency market?
Geopolitical conflicts are like dropping a bomb into the market, causing funds to frantically flee to gold and oil (gold prices surged to $3,430, and oil prices jumped 6%). As for the cryptocurrency market? Clearly, it should be 'digital gold', but instead, it plummeted alongside U.S. stocks. To put it bluntly, large funds currently only recognize 'true safe havens' and do not believe that altcoins can withstand risks. Coupled with the previous market leverage being fully tapped (unsettled BTC contracts rose 18% in a week), manipulators took advantage of the news to crash the market and harvest, leaving retail investors with no chance to escape.
What does the future hold? Let's summarize in three sentences:
Optimistic scenario: If the U.S. and Iran reach an agreement over the weekend, BTC may touch $108,000, but don't expect a V-shaped recovery;Neutral scenario: Both sides exchange a few missiles but do not escalate the conflict, BTC hovers around $105,000;Pessimistic scenario: Iran blocks the Strait of Hormuz, BTC plunges below $90,000, and those looking to buy the dip should prepare bags to catch the bloodbath.
