The conflict in Israel ultimately triggered market panic, instantly causing a global geopolitical crisis and severe turbulence in the financial markets. The crypto market was hit hardest, experiencing a cliff-like decline. Affected by breaking news, confidence in the crypto market collapsed, leading to a surge in panic selling. The flagship Bitcoin once dropped close to 63K, breaking the previous consolidation pattern; Ethereum also declined to around 1840, and other mainstream and small-cap cryptocurrencies also faced setbacks, with market funds fleeing noticeably. Currently, the crypto market is shrouded in extreme panic, with the panic index rising, and the total liquidation volume across the network continuously increasing, further accelerating the decline with high leverage. This is partly due to the uncertainty of geopolitical conflicts. While this conflict may cause short-term volatility and corrections in the crypto market, in the long run, if the conflict eases and geopolitical risks diminish, the market is expected to stabilize and rebound. As the cryptocurrency market matures and institutional participation increases, its risk resistance will strengthen, supporting long-term recovery. At this time, it is important to stay rational, remain vigilant of short-term risks, and remember to implement proper risk management. #深度创作营