The Middle East powder keg exploded, chip stocks collapsed, Bitcoin broke through—triple pressure hitting the market simultaneously

Last night, two pieces of news triggered the market at the same time.
One was the U.S. military launching airstrikes on Iran. Trump claimed that a U.S. helicopter was shot down, and immediately ordered a "self-defense strike," turning the Strait of Hormuz from a "negotiation table" back into a "missile launch pad" overnight.
The second was another plunge in chip stocks. The Philadelphia Semiconductor Index plummeted nearly 6%, Coherent fell 17%, AAOI dropped 11%, Micron, Arm, and Qualcomm all came under pressure.
SpaceX's epic IPO is draining market funds.
Bitcoin responded by falling below $61,000, with $380 million in liquidations over the past 24 hours, and more than 120k people being liquidated.
Over 8 million Bitcoins are in floating loss.
Three questions must be carefully considered:
First, is the Middle East situation a short-term shock or a lasting shadow? Until the agreement is implemented, geopolitical risk premiums will not fade.
Second, is the plunge in chip stocks a burst of the AI bubble or a healthy correction? Funds are indeed withdrawing from AI semiconductors and shifting to consumer and defensive sectors.
Third, is Bitcoin a safe-haven asset or a risk asset? As the Middle East conflict escalates, gold hasn't dropped much, but Bitcoin has already collapsed—markets are voting with their feet.
Triple pressures are pressing down on the crypto market from above. Money hasn't disappeared; it has just moved to a different table.
Liquidation walls are right in front: if BTC drops below $58,701, long liquidations will reach $858 million; if it breaks above $64,842, short liquidations will reach $120k. Both longs and shorts are on the edge.
Before that, observe more and act less.