The escalation of the US-Iran situation, why can't Bitcoin sit still on the "roller coaster"?

The geopolitical conflict between the US and Iran continues to escalate, not only stirring up international oil prices and gold markets but also causing Bitcoin to experience a wave of intense volatility.

When the conflict first erupted, global market panic spread. Many investors sold off high-risk assets, including Bitcoin, to free up funds and avoid risks, leading to a rapid short-term drop in prices and frequent liquidations of long positions across the network. At this moment, Bitcoin temporarily lost its label as "digital gold" and, along with other risk assets, was under downward pressure.

However, as the situation remains tense, especially with the US increasing sanctions on Iran, another side of Bitcoin begins to emerge. Iran, restricted from traditional cross-border settlement channels, has seen a surge in funds turning to Bitcoin to evade controls, creating real demand for buying. Additionally, Iran is a major region for global Bitcoin mining, and the impact of the conflict on hash rate stability indirectly supports the price.

The core impact of the US-Iran conflict on Bitcoin is short-term panic and long-term safe-haven demand. The more turbulent the situation, the more sensitive market sentiment becomes, and Bitcoin's volatility will intensify. Short-term price movements depend on the geopolitical wind, while in the medium to long term, the safe-haven and cross-border settlement demands driven by geopolitical conflicts could actually serve as potential support for Bitcoin. #美伊局势影响