As tensions in the Middle East escalate sharply, significant fluctuations have occurred in global financial markets. The Israeli military conducted precision strikes on Iranian nuclear facilities in the early hours of June 13 local time, targeting over ten key sites, including the Natanz uranium enrichment facility, resulting in the death of Iranian Revolutionary Guard senior commander Hossein Salami.

This military action immediately triggered risk aversion behavior among global investors. The energy market reacted particularly violently, with Brent crude oil prices soaring 8.09% to $74.97 per barrel, and West Texas Intermediate crude oil ( WTI ) increasing by as much as 9.2%, marking the largest single-day increase this year. Safe-haven asset gold broke through $3410 per ounce, reaching its highest level in nearly five months.

The cryptocurrency sector has also not been spared from this storm. Bitcoin's value has dropped by about 3%, while Ethereum's decline has widened to 9%. Alternative coins, including Solana and Cardano(ADA), have generally fallen by more than 10%.

Market data shows that rising geopolitical risks have directly impacted cryptocurrency derivatives trading. According to QCP analysis, the premium on Bitcoin's recently expired put options increased by 5 volatility points, reaching a nearly three-month high, indicating that traders are eagerly seeking protection against downside risk.

What exacerbates market volatility is that this Friday coincides with an important cryptocurrency options expiration date, with approximately 28,000 Bitcoin options valued at $2.93 billion and 244,000 Ethereum options valued at $620 million set to expire, which has resulted in over $1 billion in long positions being liquidated.

It is worth noting that the price of Bitcoin has shown considerable resilience around $103,000, with key support levels not being breached. Meanwhile, DeFi Development Corp announced the completion of a $5 billion equity financing to acquire Solana assets, a move that reflects institutional investors' long-term confidence in mainstream digital assets remaining strong.

The global market is currently highly focused on the possible retaliatory actions from Iran. The Iranian Revolutionary Guard has publicly declared it will implement a "devastating counterattack," Hezbollah has entered a state of readiness, and the Strait of Hormuz may face the risk of blockage. Financial analysts predict that if regional conflicts worsen, crude oil prices could potentially rise to $120 per barrel, and global economic growth rates may be adjusted downwards by 0.5 percentage points.

In the short term, the cryptocurrency market will continue to be dominated by geopolitical factors, but in the long run, the direction of the Federal Reserve's monetary policy adjustments and the flow of institutional funds will remain key factors determining market trends. In the current environment of increasing uncertainty, investors need to stay vigilant and closely monitor the potential emergence of black swan events, while also paying attention to the strategic deployments of large institutional investors, as these signals may indicate the arrival of a market turning point.