#以色列伊朗冲突

### Cryptocurrency and the Conflict with Israel: Safe-Haven Attributes and Market Volatility

**Immediate Reaction**

After Iran's attack on Israel on April 13, Bitcoin (BTC) plummeted from $67,000 to $61,000, with $840 million liquidated across the network in 24 hours, indicating short-term **panic selling**.

**Contradictory Attributes Highlighted**

- **Safe-Haven Test**: Some investors view BTC as "digital gold," briefly boosting prices at the onset of the conflict.

- **Nature of Risk Assets**: High volatility led to rapid capital withdrawals, declining in sync with the U.S. stock market, undermining the "safe-haven narrative."

**Future Trends**

If the conflict does not escalate, BTC rebounded to $66,000 within two days, but **geopolitical premium weakened**. Major coins like Ethereum (ETH) followed suit with fluctuations, indicating that the crypto market remains dominated by macro risks.

**Key Conclusion**

Cryptocurrencies exhibit a duality of "**safe haven first, then risk**" during extreme events, with liquidity squeezes and emotion-driven volatility amplifying fluctuations, and the long-term safe-haven function has yet to be established.

> Data Mapping: CoinGlass liquidation statistics, TradingView's BTC/USD trend (April 2024)

#以色列伊朗冲突 #Cryptocurrency Market Volatility