Big dump! Trump claims the U.S. attacked Iran's nuclear facilities, causing an instant "earthquake" in the crypto world! News on June 22 showed that Bitcoin fell over 12% in 24 hours, hitting a low of $101,500. Mainstream Tokens like Ethereum and DOGE all crashed sharply, with Ethereum dropping to around $2,210. Why did this geopolitical storm cause such violent turbulence in the crypto world?

Three major shocks hit the crypto world:
1. Risk aversion sentiment crashes the market: Iran, as an active region for cryptocurrency mining and trading, has its nuclear facilities attacked, which directly exacerbates the uncertainty in the Middle East situation. Historical data shows that when geopolitical conflicts break out, cryptocurrencies are often viewed as "risk assets" rather than safe-haven tools due to high volatility. For example, in August 2024, when the U.S. non-farm data fell short of expectations amid regional tensions, Bitcoin plummeted 15.74% in a single day, causing over 290,000 people to be liquidated. This attack also triggered panic selling among investors, with some funds shifting to traditional safe-haven assets like gold and the U.S. dollar, leading to a sharp decrease in liquidity in the crypto world.
2. Variability of Iranian Policy: Expectations of a tightening Iranian policy are rising.
Iran has long relied on cryptocurrencies to cope with international sanctions, and domestic trading platforms play an important economic role. US attacks may force the Iranian government to strengthen financial controls and even restrict the use of cryptocurrencies to prevent capital outflows. Previously, Iran had implemented regulations on mining and trading activities multiple times in response to external pressures, directly affecting the activity level of the local market. This policy uncertainty further undermines investor confidence, especially for projects that rely heavily on the Iranian market.
3. The Dollar System as a Double-Edged Sword: Short-term sales dominate, but long-term geopolitical crises may create demand for "anti-fiat currency risk"; the current market is more inclined to avoid immediate risks.
The key points to watch going forward are twofold: whether the United States will expand its actions and how Iran will respond, which will directly influence the crypto world volatility. In the short term, the $100,000 support level for Bitcoin has become a focal point, and ordinary investors need to manage their positions and stay away from high leverage!