The Middle East situation continues to escalate, with the Iranian military repeatedly sending major signals: clearly stating "not believing the war has ended," the situation remains in a state of war, and armed forces have been fully updated; also announcing absolute control over the Strait of Hormuz, maintaining a high alert posture as if "holding a trigger," and even openly stating they can cut off oil flows, with geopolitical risks entering a high-danger phase. This is undoubtedly a bearish blow to the highly volatile cryptocurrency market.

And the ongoing fermentation of the Middle East situation is further amplifying market risk aversion: funds are accelerating their flight from high-risk assets, and the correlated decline of Bitcoin and Ethereum also confirms this, with market selling pressure continuing to intensify and downward momentum further magnified.