To be honest, no one expected BTC to fall this hard this time!

In the early hours of October 11, 特烂普 suddenly opened fire on social media, directly targeting China's rare earth ZC, declaring that he would significantly increase tariffs in retaliation. As soon as the news broke, the entire circle was instantly blown up.
The honey persimmon market reacted the fastest, with a total market value evaporating by 125 billion within a few hours, and BTC plummeted straight down from above 121k, briefly breaking through the 119k mark. The second coin was even worse, with a daily drop of nearly 5 points, directly breaking below 4200 dollars. This wave of selling was both fierce and fast, leaving many old friends with high leverage no chance to even make up for losses, and they were left completely cold.
The situation on the Mei stock side isn't any better. The Nasdaq directly fell by 2 points, marking the largest single-day drop in months, and the S&P followed suit. The risk aversion sentiment in the market surged instantly, with everyone frantically selling off risky assets and looking for a place to take cover.
To put it simply, this time it was a sudden rise of geopolitical black swans. The string of Sino-Mei trade was already tightly wound, and this push from the rotten US directly ignited the powder keg. What the market hates the most is uncertainty, and the escalation of the trade war is undoubtedly a king-level uncertainty.
It seems that we still need to closely monitor the verbal exchanges between Zhongmei on both sides. If both sides continue to clash, the persimmon market is likely to remain volatile for a while. For the honey persimmon market, although it usually calls itself a "safe-haven asset," in the face of this global panic, it is still that high-volatility Beta player first—crazy when it rises and even crazier when it falls.
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