Wu said that Bitlet Pool founder Jiang Zhuoer stated that the current geopolitical situation is experiencing the U.S. "Suez Canal Moment" (analogous to the 1956 British loss of canal control marking the end of hegemony). The U.S.-Iran war is highly likely to end with Iran effectively controlling the Strait of Hormuz and charging tolls, with the U.S. legally not recognizing but implicitly accepting the situation. He is currently bearish at the ETH $2,242 level. He analyzed that the bear market cycle is not yet over, and such reactive rebounds are opportunities to add to positions and short. He also does not rule out the small probability of another war breaking out.