U.S. stock futures opened with a flood of sell-offs, with the three major stock index futures collectively plunging. The decline has already expanded to over 2%, and market risk sentiment is clearly out of control.

Under this macroeconomic sentiment suppression, the crypto market finds it hard to remain unaffected. Bitcoin's attempt to hold firm is basically unrealistic, as risk-averse capital is rapidly increasing.

The core of this turbulence remains the escalation of the Middle East situation. Israel has clearly started to escalate its actions, while Iran's stance remains firm with no signs of retreat. The situation has escalated from initial friction to confrontation, clearly exceeding the original risk expectations of the U.S.

If the geopolitical conflict continues to spread, global risk assets will come under pressure, and both the U.S. stock market and crypto markets will enter risk-avoidance mode simultaneously. In this environment, market logic is simple—

Prioritize risk release, and capital will withdraw first.

In the short term, sentiment has already begun to dominate the market. If risk-averse sentiment further intensifies, a near-certain event is that Bitcoin will face downward pressure and test lower levels.