Under the shadow of war, has the crypto market once again become a startled bird?

This article is from 1912212.eth, an article written by Foresight News, compiled, and written by MrPow. (Synopsis: Israeli Prime Minister: We cracked down on Iran's nuclear weapons program, bombed major uranium enrichment facilities, bitcoin dived) (Background supplement: News》Israeli air strikes on Iran: the country entered a state of emergency, bitcoin fell below $104,000, crude oil soared) Coupled with leverage, it finally ushered in a sharp market pullback, and in the early morning of June 13, bitcoin once fell from $108,000 to $102664, with a rare seven-hour decline on the four-hour line. Ethereum, from around $2,800, once fell to $2,455, a rare nine-hour losing streak. Altcoins generally fell sharply due to the impact of the broader market. In terms of open interest information, according to Coinglass, the 24-hour liquidation of the whole network was 1.12 billion US dollars, the long liquidation was 1.04 billion US dollars, and the largest single liquidation order on the whole network occurred in Binance BTCUSDT worth 201 million US dollars. On June 12, Glassnode monitoring data showed that Ethereum's open interest had just hit a record high, exceeding $20 billion. Although the ETH price has pulled back slightly from the $2800 level, leverage in the market continues to accumulate as traders increase leverage using stablecoins. In addition, after SharpLink Gaming, a listed company of "ETH Micro Strategy", filed a file with the SEC to report the "PIPE investor sell-off", its stock price plummeted by about 70% after hours, which also had a significant negative impact on ETH. The company filed an S-3ASR registration declaration allowing the resale of up to 58,699,760 shares of more than 100 shareholders in connection with its private equity investment (PIPE) financing. At one point, the market thought the announcement indicated that PIPE investors had sold their holdings, and Joseph Lubin, chairman of the company's board, posted on Platform X that the market had "misread" the S-3 file, which was only for the potential resale of pre-registered shares. It is the standard procedure after PIPE trading in the traditional financial field, and does not represent an actual sell-off. The sharp increase in futures open interest shows that the main driver of this round of price increases is not spot buyers, but futures traders who increase leverage. Compared to Bitcoin, which is still dominated by spot demand, the trend of Ethereum is divergent. The recent surge in call option buying, combined with the gamma hedging effect, puts ETH at clear risk of gapping. Markets are becoming more vulnerable and sensitive to changes in momentum. When the market is expecting Ethereum to raise its eyebrows and lead the cottage to rebound strongly, it turns the car down again, what happened? Israel and Iran broke out military conflict again In the early morning of the 13th local time, Israeli Defense Minister Katz said that Israel launched an air strike on Iran. Katz said Israel was expected to suffer missile and drone strikes shortly after launching a preemptive strike on Iran. According to Xinhua News Agency, Israeli Prime Minister Benjamin Netanyahu issued a statement on the 13th that the Israeli army's attack on Iran will "last for many days." At present, there is a state of emergency throughout Israel. CNN, citing Israeli sources, reported that Israel is preparing for a major Iranian retaliation, which will be larger than Iran's previous attacks on Israel. Sources say Israel intends to continue its attacks on Iran until it feels the Iranian nuclear threat has been eliminated, although there are some questions within the Israeli security establishment about whether Israel can really do so alone. Israel's main targets are threefold: Iran's nuclear facilities, military assets, and key figures in the Iranian military. Iranian state television has just released a message that unconfirmed reports suggest that General Salami, commander of Iran's paramilitary Revolutionary Guard, may have been killed in an Israeli attack. The station added that another senior security official and two nuclear scientists may also have died. The report did not provide other details. Brent oil and WTI crude oil futures in the international market both rose more than 8%. Nasdaq futures extended their losses to as much as 2%, S&P 500 futures fell 1.8%, and Dow futures fell 1.6%. Spot gold briefly stood at $3420 / oz intraday, up nearly 1% on the day. The US Federal Reserve has been slow to cut interest rates The US Federal Reserve has not relaxed its attitude towards rate cuts since December 2024. US President Donald Trump can't help but complain about this. Recently, he has frequently expressed on social media that he hopes the US Federal Reserve will lower interest rates, "We have a lot of short-term debt, and I like long-term low-interest debt." If we lower the interest rate by 1%, it means paying 1% less." "It is recommended that the US Federal Reserve cut interest rates by 200 basis points." Powell did not regress. The market expects to fire Powell, but Trump also said that "he will not fire Federal Reserve Chairman Powell, he can just lower interest rates, and our inflation data is doing well." Hedge fund giant Paul Tudor Jones said U.S. President Donald Trump will be choosing a "very dovish" Fed chairman. Recently, after the CPI data and the release of the US core PPI in May, traders expected the US Federal Reserve to cut interest rates twice this year, starting in September this year. At the moment of tight market liquidity, a little wind and grass can easily trigger a sharp decline in the market. Frequent black swan events The international market has been very unpeaceful recently, and on June 12, an Air India passenger aircraft type Boeing 787 crashed in an accident en route to the UK, the first air crash of this type of aircraft. A number of media reported that more than 240 people were killed, and Boeing's stock price fell by more than 6% at one point due to this news. Previously, after a fierce quarrel between Tesla founder Musk and US President Trump, it recently ended with Musk admitting his mistake. Reuters news, US President Trump praised Tesla, he said at the White House event against California's electric car rules: "I like Tesla... I discussed electric cars with Musk," he added. "Musk does like me." Riots continue in Los Angeles, and curfews have been imposed in parts of the grooving area. The Global Times reported that at least 378 people have been arrested in Los Angeles since last Saturday. The mayor of Los Angeles announced on the evening of the 10th local time that a curfew will be implemented in part of the downtown area from 20 o'clock to 6 o'clock on the 11th, and the day the curfew policy will be implemented will be determined after evaluation. And the air-to-air confrontation between US President Donald Trump and California Governor Newsom continues. Protests against law enforcement actions to hunt down illegal immigrants continue to spread from Los Angeles to the rest of the country. Rui Rui, investment manager at HashKey Capital, tweeted, "Altcoin liquidity has reached freezing point. Leaving aside the new low trading volume of market makers, there are no orders in the market, and the price naturally declines slowly. There was no one to take the order, the last buy was only 30 seconds of the robot, and the new coin began to fall. No matter whether it rises or falls, the cycle of the altcoin market has become much shorter, and if you can't catch it, you will leave work." Trader Million ERIC tweeted that after this oversold signal, bitcoin only rebounded for a short time, and soon continued to fall, and the subsequent price range worth paying attention to is around $101,000. Related reports Many high-ranking Iranian officials have died! Launch to Israel "none...