At #以色列伊朗冲突 , a cannon sounded in the Middle East, and the crypto market collapsed instantly!
Early this morning, Israel suddenly launched airstrikes on Iranian nuclear facilities, causing global risk aversion sentiment to explode. Bitcoin plummeted by $2000 in just 15 minutes, and Ethereum directly fell below the $2500 mark. Over the past 24 hours, more than $1 billion was liquidated across the network—most notably, a trader on Binance had a single liquidation of $200 million, making this a collective 'crematorium for leveraged players'.
Why does war affect the crypto market?
Geopolitical conflicts are like throwing a bomb into the market, causing funds to madly flee toward gold and oil (gold prices surged to $3430, and oil prices spiked by 6%). And what about the crypto market? It should be 'digital gold,' yet it plunged along with the U.S. stock market. In short, large funds now only recognize 'true safe havens' and do not trust altcoins at all.
