$BTC Another day dominated by geopolitical conflicts. Today, I noticed many friends are wondering why the conflict has become more intense, with U.S. stocks falling, oil prices rising, and surprisingly, $BTC also going up. Are investors starting to see Bitcoin as a safe haven? Actually, that's not the case. This morning, the market reaction was still not very positive; the Nasdaq and S&P both dropped more than 1.5%, and U.S. oil prices rose to $120. The market sentiment was very poor at that time.

But by noon, there was news that the G7 is preparing to release strategic oil reserves to counter the rising oil prices. This is good news. If the G7 can actually release reserves, it will help lower oil prices. Of course, there is no official confirmation from the G7 yet; we might only know by the end of this week. It was this piece of news that eased market sentiment.