Today, the core focus in the crypto world is the intense volatility triggered by Middle East geopolitical conflicts. Following the weekend joint attack by the US and Israel on Iran, the market experienced a rollercoaster ride. Here are the main updates for today:

· Market Shock: Bitcoin acts as a "pressure valve," performing a V-shaped reversal between $63,000 and $68,196, currently at $66,120; Ethereum stabilizes at $1,944.
· Liquidation Woes: Due to extreme volatility, the entire network saw $657 million in liquidations over the past 24 hours, affecting approximately 157,000 traders.
· Capital Movements: Despite geopolitical tensions, data shows that whales bought about 1,000 BTC (roughly $66 million); however, Bitcoin and Ethereum ETFs have outflows exceeding $9 billion in the past four months.
· Sector Decline: The overall market is down, with the SocialFi sector leading a 6.25% drop, and TON falling nearly 7%; but Hyperliquid (HYPE) defies the trend, rising 3.51%.
· Institutional Views: The market believes Bitcoin has absorbed selling pressure due to its 24-hour trading nature; traders are also positioning for the upcoming Federal Reserve meeting, with bullish options concentrated around $75,000.