The US rejected Iran's peace plan. US-Iran talks have collapsed. Iran wants the US to lift sanctions first, and the US wants Iran to give up nuclear weapons first, neither side willing to make concessions. Oil prices rose by 3% in response, and market risk aversion increased.

$BTC 's reaction is quite interesting, dropping sharply then bouncing back, once spiking to around $82,500.

Bitcoin now has dual attributes. In the short term, escalating geopolitical conflicts may trigger panic selling. But in the long run, every war and increased sanctions strengthen Bitcoin's narratives of "censorship resistance" and "non-sovereign storage," which instead provide long-term support.

Currently, the deadlock is hard to resolve, high oil prices are pushing inflation up, and the Federal Reserve may adopt a more hawkish stance, which could suppress risk assets. But geopolitical turmoil itself also provides a floor for Bitcoin.

In summary, expect high volatility in the short term, avoid chasing rallies or panic selling. The long-term logic remains unchanged—keep an eye on global liquidity and geopolitical news. #Gate广场五月交易分享