GDP: Escalation of Geopolitical Situation Heightens Market Volatility, Future Trend Faces Key Test

BlockBeats News, June 23rd, QCP released its daily market observation, stating, "Bitcoin fell below the $100,000 mark last week, reaching a low of $98,200, the lowest point since breaking through the $100,000 psychological mark on May 8th. This round of sell-off affected major altcoins, triggered by Iran's threat to close the Strait of Hormuz, which could severely disrupt global oil shipping."

However, Bitcoin retested the $100,000 level this morning, indicating that the weekend pullback was more driven by macro factors. Investors viewed crypto assets as a safe haven during the opening of stock index futures. Due to low market liquidity, price fluctuations were amplified, with the overall market liquidation amount exceeding $1 billion.

Although Iran has vowed to take retaliatory measures, the market does not currently seem to believe that the situation will escalate significantly. Geopolitical "behind-the-scenes mediation" appears to be playing a moderating role. While the skew of put options remains high until September, the strong rebound in spot prices and the compression of front-end volatility indicate that investors do not currently view this as a systemic risk event.

This market sentiment is also reflected in traditional assets. US stock futures, crude oil, and gold initially reacted to the news but quickly retreated to Friday's levels. This indicates that investors are interpreting the current situation more as a regional conflict rather than a global crisis.

However, after experiencing concentrated liquidation of leveraged long positions, Bitcoin is still consolidating around $100,000. This makes the next few trading days particularly crucial. Amid ongoing geopolitical uncertainty, digital assets are at a crossroads between "risk appetite recovery" and "defensive hedging."