On the first day of the ceasefire between the US and Iran, the situation abruptly turned as Israel launched airstrikes and Iran closed the Strait of Hormuz, breaking the foundation for negotiations.

Oil prices rose, lifting inflation expectations; expectations for the Federal Reserve to cut rates cooled, and Big Cake faced short-term pressure and traded with volatility.
In panic, funds first pulled out of high-risk assets. Big Cake initially fell, and its next trend will depend on whether the conflict escalates. #币圈