Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Oil prices surge, gold plunges, but the crypto market signals stabilization at this moment?
The Strait of Hormuz shipping blockade continues to ferment, with Middle Eastern oil-producing countries repeatedly hitting the production cut button. International oil prices soared from $70 to $120 in just a few days, shocking the market. Surprisingly, gold, which usually rises with geopolitical turmoil, has actually dipped slightly against the trend. This divergence has completely shattered the traditional notion that "geopolitical unrest must lead to safe-haven assets' appreciation."
This shockwave has also reached the crypto world. After a weekend of decline, Monday's opening became a critical turning point—Bitcoin held its ground steadily, though it hasn't yet returned to $70,000, the downward momentum has halted; Ethereum rebounded strongly, regaining the $2,000 level, injecting a bit of confidence into investors during the bear market.
For the crypto market, the upcoming trend is crucial. As long as Bitcoin can effectively break through the $70,000 threshold, this rebound will fully activate the market, and the correction phase in the bear market may arrive earlier.
Data from trading platforms clearly shows that profit-making effects are the core indicator of capital flow. Recently, the proportion of non-crypto asset trading has surged, enough to prove that as long as there is an upward trend, capital will flock in. Compared to oil and gold, crypto assets inherently have greater elasticity and imagination space.
Currently, the crypto market remains in a bear phase, and a final wave of adjustment is not ruled out, but the downside space is now very limited. Even if I am 90% in full position, I can't avoid being told "position determines perspective," but I am already prepared for volatility.
The reason I dare to confidently deploy is primarily because I believe in the long-term value of crypto assets. The ongoing changes in geopolitical patterns are increasingly highlighting the advantages of decentralized assets, which is the fundamental support for the crypto market to cycle through periods.