#PI This morning the market was volatile, and I believe many investors experienced a terrifying moment. When opening their trading accounts, spot investors generally faced losses exceeding 10%, while margin traders were in an even worse situation, with a large number of positions being liquidated. Data shows that the largest liquidation today occurred on BTCUSDT long positions, with as much as $203 million in funds evaporating in an instant. This sudden market upheaval has led to widespread lamentation across the entire crypto assets sector.

The sudden market turbulence originated from the rapid deterioration of tensions in the Middle East. Israel conducted large-scale airstrikes against Iran, triggering a violent reaction in the global financial markets, with the crypto assets market being hit hardest. Bitcoin experienced a maximum daily drop of $6,000, Ethereum fell by more than $300, and other crypto assets also suffered related losses. This series of events undoubtedly caught many investors off guard.

Let us delve into the ins and outs of this incident and explore possible response strategies.

Event Details:

The Israeli military has launched a military operation codenamed "Operation Rising Lion," targeting multiple military sites in Iran with precise strikes. Among them, the uranium enrichment facility in Natanz, Iran, suffered severe damage. Israeli Prime Minister Netanyahu stated that the operation aims to eliminate the Iranian nuclear threat, ensuring the safety of Israel and the Middle East, and hinted that the military operations may last for several days. Therefore, recent investors may need to remain cautious and reduce unnecessary trading activities.

The United States had previously issued a warning, expecting Israel to take military action, and advised its citizens to evacuate from the Middle East. Now this warning has become a reality.

Iran has stated that it will respond decisively to this attack, which means that the situation in the Middle East may further deteriorate, and market volatility is expected to continue.