Geopolitical conflicts trigger a withdrawal from risk assets.
Due to the impact of the U.S. airstrike on Iranian nuclear facilities and subsequent retaliatory events, geopolitical tensions in the Middle East have surged, leading to a sell-off of global risk assets. #比特币走势分析 #股市行情 #黄金 #以太坊ETF批准预期 #solana
Bitcoin fell below the psychological threshold of $100,000 over the weekend, hitting a low of $99,191, a decline of more than 6% compared to last weekend, marking the first time in several weeks that it has lost the six-figure range.
Mainstream altcoins like Ethereum and Solana also plummeted simultaneously, with daily declines reaching double digits, as crypto exchanges faced a wave of liquidations.
Sell-off logic: liquidity sell-off resonating with leveraged liquidations.
Bitcoin Bond Company CEO Pierre Rochard pointed out that the drop of BTC below $100,000 is not due to the network's dependence on the Strait of Hormuz or excessive asset leverage, but because its '24/7 global sellability' has become the preferred asset for deleveraging, 'the role of accumulating BTC when the market is favorable is becoming evident.'
Long-time critic Peter Schiff questions the buying strength at current prices: 'Aside from @Saylor, who would take over below $100,000?' He also emphasizes the positive correlation of BTC with risk assets: 'Falling more than 4% compared to the closing price of U.S. stocks on Friday indicates that stock index futures will open lower and gold will open higher.'
Bullish and bearish viewpoints clash: short-term volatility versus long-term logic.
Former BitMEX CEO Arthur Hayes remains optimistic, believing that 'the accelerating printing press will drive BTC to regain its safe-haven attributes, and the short-term correction will eventually pass.'
It is worth noting that despite the severe sell-off, Bitcoin has still maintained significant gains in 2025 so far, but the market has once again realized: geopolitical uncertainty and leveraged liquidations remain the core risk variables for BTC prices.
Analysts expect that the ongoing situation in the Middle East may intensify short-term volatility in the crypto market.
Market outlook: traditional trading hours become key nodes.
As major global markets open one after another, Bitcoin's next move will depend on the degree of escalation of geopolitical events.
Current market sentiment is cautious, with the speed of capital outflow from the crypto sector matching that of inflow; investors are closely monitoring the developments in the Middle East and the impact of Federal Reserve policies on liquidity.