#以色列伊朗冲突 A gunshot in the Middle East, and the cryptocurrency market collapses instantly!

Early this morning, Israel suddenly launched airstrikes on Iranian nuclear facilities, causing global risk aversion sentiment to explode. Bitcoin plummeted by $2,000 in 15 minutes, Ethereum fell directly below the $2,500 mark, and over $1 billion in liquidations occurred across the network in 24 hours— most shockingly, a user on Binance lost $200 million in a single trade, making this a 'collective crematorium for leveraged players.'

Why does war affect the cryptocurrency market?

Geopolitical conflicts are like dropping a bomb into the market, with funds frantically fleeing to gold and oil (gold prices surged to $3,430, and oil prices soared by 6%). And the cryptocurrency market? It should be 'digital gold', but it plummeted alongside US stocks. In simple terms, large funds currently only recognize 'real safe havens' and don't trust altcoins to withstand risks. Additionally, with the market previously fully leveraged (BTC's open interest rose by 18% in a week), manipulators took advantage of the news to crash the market and harvest profits, leaving retail investors with no chance to escape.