#Gate广场五月交易分享

On the evening of May 4, Iran suddenly issued a statement: two missiles directly hit American warships in the Strait of Hormuz. The moment the news broke, global markets instantly felt like they’d been kicked hard from behind, and the crypto market in particular basically blew straight through the ceiling. Bitcoin fell headfirst from the 80,000 level, putting on a surreal show of “platform diving + sit-ups on the spot.”

The first reaction in the market within the few seconds the news was flying around was: run.
BTC had been holding steadily above 80,000 US dollars, but it suddenly dropped in a straight line within 15 minutes, like it had been locked onto by a missile—dropping to around 78,400 US dollars. It wiped out nearly 2,000 US dollars in one go, and the decline immediately surged to 2%+. Ethereum was even worse, dropping 3% straight away. And altcoins like SOL and DOGE, as if they’d stepped on landmines, all plunged downward at once. The whole market’s fear index instantly fell to “extreme fear.” Retail investors got scared and rushed to cut losses, afraid that next it would directly hit 70,000.

The derivatives market was even bloodier.
This sharp selloff directly triggered a chain reaction of liquidations. Within 24 hours, more than 80,000 people across the entire market got wiped out, and total liquidation exceeded 2.8e8 US dollars. BTC alone accounted for 1.2e8 US dollars. Many people used leverage—once it kicked in, within minutes their accounts were instantly zeroed out. The money disappeared before the screen even had time to be shut off, vanishing into thin air.

But the magic of the crypto world always flips when you’re most desperate.
Once the panic had been digested, the funds suddenly switched to a different logic: if the Middle East really is about to get chaotic, with the US dollar and US stocks all hanging by a thread, then why not hide in BTC?
So bargain-hunting funds surged in one after another. Starting around 78,400 US dollars, BTC began a violent rebound—ripping higher all the way. In just 3 hours, it recovered all losses, climbed back to 80,000 US dollars, and over the next 24 hours it forced the move from down 2% to up 1.5%. It repeatedly rubbed the shorts into the ground. The shorts had wanted to smash the market in the chaos, but once the rebound came, short positions all got stopped out together, creating a stampede of “short killing short.” As the price kept rising, another 50,000,000 US dollars of shorts got liquidated across the whole network. It was a double kill for both longs and shorts—extremely stimulating.

The core logic in one sentence:
In the short term, risk assets → first comes the crash; in the long term, chaos hedging + anti-inflation → then comes the rally.
Once the Strait of Hormuz gets stirred up, oil prices jump 5%, inflation expectations explode, and BTC becomes “digital gold” again. Funds rush in desperately.

Next, whether Iran really takes action, how the US retaliates, and whether the conflict expands—every piece of news can make BTC bounce another one or two thousand points. Right now, in the crypto market, everything is being led by the Middle East situation—windfall profits and liquidations are often just one message away.