#美以伊再交火引发风险资产剧烈波动 Unusual market behavior is happening! The conflict in the Middle East is escalating, why are safe-haven assets all declining?

Recently, the conflicts between the US, Israel, and Iran have reignited, with continuous military actions from both sides, and regional tensions remain high. Amid geopolitical turmoil, the market has not followed traditional safe-haven trends but has instead experienced a collective decline.

Bitcoin has plummeted nearly 3%, with over 110k traders facing liquidations, losing more than $400 million. Even gold, traditionally seen as a safe haven, has fallen below the $4,200 mark, showing an unusually weak trend.

Digging into the root cause, the logic behind this round of market movement has completely reversed. The war has driven up international oil prices, inflation pressures are rapidly increasing, and the market expects the Federal Reserve not only to refrain from cutting interest rates but possibly to start raising them. Market liquidity is tightening, directly causing various risk assets to plunge collectively, creating a multi-asset sell-off scenario.

Regarding the future, short-term conflicts could escalate at any time, leading to volatile market fluctuations, and the risk of bottom-fishing remains high. Looking long-term, if shipping through the Strait of Hormuz is obstructed, global assets will face a new round of reset, and Bitcoin’s value as digital gold may gradually become more prominent.