[War Alert] Bitcoin drops below 77k: This is not a correction, it's a "pre-war stress test"

A bad start to the week.

At 8 a.m. today, while you were still asleep, Bitcoin plummeted in one hour, wiping out $527 million across the network—of which $510 million were long positions.

The Korean stock market also crashed 3%. Ethereum directly fell below $2,100.

Do you think it's a technical correction? No. This is the "stress test" on the eve of war.

Three keywords pin you down in panic:

Iran, Israel, Trump.

Last night, Netanyahu and Trump had a half-hour phone call—discussing restarting military strikes on Iran. Israeli officials announced: if the U.S. acts, the two countries will conduct joint airstrikes.

Trump told Axios: "Iran's time is running out." He also warned: if they can't come up with a better deal, they will face much more severe strikes than before.

Two U.S. officials revealed: Trump is set to convene the national security team on Tuesday to discuss military options.

The war room. The last time this term appeared was when Soleimani was killed.

What is your instinctive reaction?

Sell.

No matter the halving, Layer 2, or ETF inflows—flee first, ask questions later.

This is retail traders' muscle memory. When they see the words "Middle East + Trump + airstrike" stacked together, fingers move faster than the brain.

But I want to tell you:

Historically, during the Persian Gulf crises, Bitcoin would drop a week before an airstrike; after the strike, it would rebound.

In January 2020, before Soleimani was killed, Bitcoin fell for five days; once the missile was launched, it rebounded 15% in three days.

In 2022, during the Russia-Ukraine border tensions, BTC dropped from $45k to $34k; when actual fighting started, it rebounded all the way to $48k.

Why?

Because the market's greatest fear is never the war itself—it's that the war room's door hasn't closed yet.

Right now, we are in the "most terrifying anticipation" phase: unsure if there will be a strike, when it will happen, or how big it will be. Institutions can't price it, so they cut positions first.

When missiles really start flying, uncertainty disappears, and it becomes a reverse of "buy the rumor, sell the fact"—once the bad news is out, a rebound begins.

So today’s 77k test reveals a truth:

Bitcoin is first a risk asset, then an alternative to gold.

When the war room finally convenes, it will fall harder than anyone else. Because it has no sovereign backing, no central bank support—only faith and liquidity.

And in panic, liquidity flees the fastest.

When Trump says Iran's "time is running out"—

Your positions are also fading away.

But truly smart money won't panic sell today. They will ask themselves before the war room doors close:

Am I betting on chaos itself, or on a more chaotic world after the chaos?

The answer is written in history: a week before war, gold rises, BTC falls; a month after war, BTC surges even more than gold.

Because the fiat printing press never waits.

Bull markets are born in panic, grow in hesitation, and are re-priced in the war room. #Gate广场五月交易分享 #加密市场回升