It feels like Trump is starting to look a bit weak and ineffectual. He’s constantly shouting about fighting, but his deterrence is becoming less and less effective. The biggest impact has been stirring up chaos in the global financial markets, especially causing retail investors in the crypto market to pay the price every day. Is he planning a bigger move behind the scenes?

Recently, confirmed reports say two American fighter jets were shot down, with one costing at least $100 million! The pilots nearly became hostages. The domestic opposition is getting more and more aggressive in criticizing him. Nobody knows if Trump will dare to launch a ground invasion. Without a ground attack, just continuing airstrikes on each other isn’t really a solution. The Strait of Hormuz remains blocked, which is truly dangerous. But if a ground invasion is launched and it’s not a one-sided crushing of Iran, the markets will still fall!

On April 5th, Trump announced on Truth Social that he plans to strike Iranian factories and bridges on Tuesday, saying, “Tuesday will be Iran’s Factory Day and Bridge Day—both combined! Unprecedented! Open the Strait quickly, you lunatics, or else go to hell! Just wait and see!”

But Iran was not afraid at all. Without hesitation, they launched their 96th wave of attacks against the US and Israel—initiating the attack themselves! That’s a clear message that they’re not giving Trump any room to back down.

According to CCTV News, the Iranian Islamic Revolutionary Guard Corps issued a statement on the 5th, saying that the IRGC Navy and Aerospace Force jointly launched Operation “True Commitment-4,” the 96th wave of strikes. The statement pointed out that the IRGC carried out a fierce attack on the Haifa refinery, which supplies fuel to Israeli fighter jets, destroying its core components; they also attacked US ExxonMobil and Chevron natural gas facilities in Habsah, UAE, as well as a petrochemical plant in Ruweis, UAE. Additionally, multiple petrochemical facilities in Sitra, Bahrain, and Shuaiba, Kuwait, were hit by drones and missiles, causing complete shutdowns and large fires.

The current market situation is really hard to watch. The fundamentals of projects and industries have become meaningless; it’s all about news-driven markets, with black swan events controlling the world. I’m truly worried that if the US launches a ground war, the situation will escalate, and Bitcoin can’t hold up. We might see another century’s biggest crash, and the crypto market will bleed again. $BTC