QCP Asia: Geopolitical Tensions Weigh on Markets, $BTC Drops 3%

According to QCP Asia analysis, Israel's airstrikes on Iranian nuclear facilities and the death of Iranian Revolutionary Guard Commander Salami have led to a surge in safe-haven assets, with oil and gold both rising, the S&P 500 futures falling below 6000 points, and $BTC dropping by about 3%, $ETH falling by 9%.

The volatility in the crypto market has skyrocketed, with $BTC's front-end bearish option premium reaching 5 volatility points, indicating strong demand for safe-haven assets. Meanwhile, a large-scale internet outage in the U.S. has impacted tech stocks, triggering over $1 billion in long positions liquidation in the crypto market. Despite this, institutional demand continues to support $BTC, as DeFi Development Corp announced a $5 billion funding allocation for SOL, highlighting that mainstream confidence has not diminished.