Under the influence of the current turbulent international situation, the cryptocurrency market has experienced significant fluctuations, while the traditional financial markets have remained relatively calm. Rather than being a direct blow caused by geopolitical conflicts, it is more of a concentrated exposure of the inherent 'fragility' within the cryptocurrency sector.

First, the news broke over the weekend when the U.S. stock market was closed, and traditional market trading came to a halt, while cryptocurrencies, being a 24/7 market, naturally became an outlet for emotional expression. Secondly, the liquidity of the cryptocurrency market was already weak, and combined with high leverage and concentration of retail investors, the volatility was almost inevitable.

In comparison, the S&P 500 futures only dipped slightly by less than 0.5%, and crude oil fell from a peak increase of 6% to within 3%. This indicates that the traditional market has not truly fallen into panic.

This 'one-man show' is more a result of the emotional reactions within the cryptocurrency market itself plus liquidity overflow. $BTC #加密货币 #以色列伊朗冲突