The recent plunge in the crypto market is essentially the result of geopolitical risks compounded by leveraged liquidations. On May 18, Bitcoin fell below $77k, Ethereum lost the $2,200 support level, and 150k traders were liquidated across the network, with market panic clearly evident. Meanwhile, news of the US and Israel possibly restarting military actions against Iran has put pressure on global risk assets.

In the short term, the direction of geopolitical conflicts remains the biggest variable. If the situation escalates, capital may further withdraw from high-risk assets, and the crypto market could see additional declines; conversely, if the conflict remains controllable, the market is likely to recover quickly. Currently, DeFi and SocialFi sectors are holding up against the trend, indicating some funds are still seeking structural opportunities, but the overall bottom-fishing timing is not yet fully mature.

For ordinary investors, it is recommended to adopt a “step-by-step, light position, defensive” strategy:

· Left-side traders: You can try small positions within the $75k–$76k range for Bitcoin, adding once every 3% drop, with total positions kept within 20%.
· Right-side traders: Wait for geopolitical clarity (such as the results of war room meetings), or for Bitcoin to stabilize above $80k before following up.
· Sector allocation: Prioritize counter-cyclical, resilient sectors like DeFi (such as AAVE, UNI) and SocialFi (such as CYBER), avoiding previously hot sectors like AI and Meme coins.

Now is not the “golden opportunity” moment, but panic liquidations are often followed by rebound windows. Staying patient and using phased dollar-cost averaging to cope with uncertainty is a more prudent approach. #加密市场下跌15万人爆仓