Reality is always more outrageous than scripts. The international situation shifted dramatically from confrontation to de-escalation within 48 hours, and this dramatic reversal directly stirred the global financial system. But for traders who have experienced multiple cycles, what truly matters is not the event itself, but the underlying market logic.

Have you noticed a phenomenon? Whenever there is a rapid "hardening-softening" switch between major powers, the price fluctuations of Bitcoin and Ethereum will exhibit a brief but intense deviation in correlation with Nasdaq index futures. What is the driving force behind this?

In simple terms, it is the "Sovereign Credit Pulse" effect. When a major power shows an unexpectedly aggressive stance, global capital instinctively questions the current dollar liquidity system supported by that country's sovereign credit — even if this doubt only lasts a few seconds. In that moment, non-sovereign assets like Bitcoin tend to perform relatively strongly.

What does the data say? In the first four hours of this event, Bitcoin and Nasdaq index futures exhibited an extremely rare negative correlation. This is a conditioned reflex of capital — seeking alternative assets for safe-haven in the face of systemic uncertainty. Such pulses are often fleeting, but for those who know how to read signals, they are golden windows for adjusting positions and seizing opportunities.