The escalation of the conflict between Israel and Iran today caused another market collapse. Many people intuitively feel that with war, money will flow to "safe-haven assets" like gold and Bitcoin. However, compared to so-called "safe-haven assets," Bitcoin, due to its high volatility, is often classified as a risk asset during crises, making it highly susceptible to panic selling. Especially in the face of a sudden major geopolitical crisis like today's situation in the Middle East, investors' first reaction is to sell all high-risk assets and hold cash (especially US dollars) as a safe haven. Furthermore, traditional financial markets like stock markets are closed on weekends, while Bitcoin trades 24/7. When sudden events like today occur, institutions and quantitative funds prioritize buying and selling Bitcoin to quickly adjust their risk exposure, further amplifying its short-term volatility and exacerbating the situation, bearing the brunt of the losses. Today's sharp drop is the market's first reaction to the sudden event. The evolution of the situation will be crucial going forward. In the coming hours and even days, prices will be highly dependent on developments in the Middle East. If the conflict eases, the market may experience a technical rebound. If the situation continues to deteriorate, a further price decline cannot be ruled out, potentially even retesting the psychological barrier of $60,000. Furthermore, besides geopolitics, we need to pay attention to the potential chain reactions, such as inflationary pressures from rising oil prices and their impact on the monetary policies of major global economies. These macroeconomic factors will determine the longer-term trend of BTC. #Anthropic #USGovernmentControversy #CryptoMarketRebound