#地缘政治风险 The United States' direct military actions against Venezuela seem intense, but a careful look at the market reaction reveals the clues. Bitcoin briefly dipped below 90,000 on Saturday early morning but quickly rebounded and is now stable above 90,000. This resilience is no coincidence.

It reminds me of the days years ago when every geopolitical event would send me into a panic. Back then, I thought big news = big drop, but what happened in 99% of cases? It was just a false alarm. The real impact comes from the expectation gap—the market has already partially priced in these risks.

The key is to understand what can truly break the market. The situation in Venezuela has a direct impact on the energy sector, but its influence on the global financial system is limited, which is the consensus among analysts. Meanwhile, the crypto market has long reflected geopolitical risk premiums in its pricing of risk assets, and has shown resilience under pressure.

Most importantly—don’t let short-term volatility and panic emotions hijack you. I’ve seen too many people panic and sell when geopolitical news breaks, only to regret it two weeks later. True risk management is understanding how large the actual impact radius of an event is, rather than being scared silly by headlines. Stay alert, but don’t overreact—that’s a crucial lesson for surviving long on the chain.