Affected by the escalation of the Iran conflict, the crypto market experienced intense volatility yesterday. Bitcoin once dropped 3.8% to $63,038, and risk aversion sentiment in the market clearly increased. However, this morning, Bitcoin quickly rebounded and broke through $68,000, demonstrating strong resilience. This phenomenon reflects the dual nature of crypto assets under geopolitical conflicts: in the short term, they are still constrained by global market risk aversion, with investors tending to sell risk assets for cash in the face of uncertainty; but in the medium to long term, the narrative of Bitcoin as "digital gold" is being tested — this rapid rebound indicates that some funds view it as an alternative hedge against traditional geopolitical risks. Notably, unlike the steady rise of traditional safe-haven assets like gold, Bitcoin's sharp fluctuations remind us that its market depth remains limited, with intense competition between news-driven selling pressure and bottom-fishing. For investors, the crypto market during times of conflict presents both opportunities and amplified short-term risks. The real question is: if the conflict continues to escalate, will Bitcoin be further pressured along with risk assets, or will it stand out due to its non-sovereign nature? Only time will tell. $SOL ‍#美国以色列突袭伊朗BTC短线跳水