On the same day that U.S. stocks rallied, Iranian state media made a clear statement: rejecting America's ceasefire proposal. Iran subsequently presented its own counter five-point plan, with one condition directly puncturing market illusions—demanding that the U.S. recognize Iran's sovereign control over the Strait of Hormuz. This is declaring: the endpoint of war is far beyond market expectations.

At the same time, Iran continued launching attacks on Israel and Gulf states, with Kuwait International Airport being hit by drone strikes that day, triggering fires. The U.S. military simultaneously reinforced its Middle East presence, deploying the 82nd Airborne Division and additional Marines.

And so Wednesday's Wall Street witnessed an absurd spectacle: Iran is at war, markets are rising.

This sense of disconnect perfectly illustrates the current market's operating logic: investors are no longer trying to judge the trajectory of war; they're only chasing the rush every time the "ceasefire narrative" heats up. As long as ceasefire news is circulating, stocks can rise. As long as the news recedes, stocks fall. Back and forth, that's all.

Then the crypto space is a market with higher sensitivity, so bubble characteristics are even more pronounced! #Gate正式接入Polymarket #贵金属领涨 #加密市场回涨