Many people may have noticed that last month’s Iran situation was quite tense. Do you remember how the market reacted when news broke of a ballistic missile attack on the U.S. aircraft carrier Abraham Lincoln?

According to a statement from the Iranian Islamic Revolutionary Guard Corps, four missiles hit the target directly. When geopolitical risks increase like this, investor sentiment can fluctuate significantly. In fact, during that period, Bitcoin was trading around $70,000, which drew a lot of attention.

As geopolitical instability rises, traditional financial markets tend to sell off. On the other hand, assets like Bitcoin are often bought during such times as a “store of value.” The $70,000 level was a critical point that tested market psychology.

Movements like these in the Middle East are not just news—they impact overall market volatility. Recently, I feel the correlation between geopolitical events and the crypto market has been growing stronger. Even at Gate, trading volume of related assets likely increased during this period. To understand market psychology, it’s important not to overlook these macro environment changes.