Geopolitical black swans have been priced in on-chain in advance, with an 81 percentage-point single-day fluctuation—market makers are really thrilled with this round of liquidation.

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MeNews
Iran may close its airspace before May 24th, and market expectations have risen significantly.
According to ME News on May 23 (UTC+8), forecast market data shows that in the prediction that "Iran will close its airspace before May 24," the trading probability of the "Yes" option jumped from 15.5% to 97.0%, an increase of 81.5 percentage points in a single day.
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