The US Department of Defense is preparing for a "deadly strike" against Iran, with the Pentagon having developed military plans including ground troops and large-scale bombing. Coupled with the expiration of Trump's pause on strikes against Iran on Friday, Bitcoin fell below $70,000 again, a 24-hour drop of approximately 3%. Glassnode stated that the short-term holding cost of Bitcoin at $70,200 is a key support level, but buying pressure is limited, and the risk of breaking below this level cannot be ignored. Tim Sun, a senior researcher at HashKey Group, believes that this level may be repeatedly tested, and the current rebound relies on leverage; a reversal in sentiment could easily lead to a price pullback. On the macro level, the volatility of VIX futures surged to 388.2 last month (a near six-month high), four times the average level of market fear. The Kobeissi Letter points out that the current global market uncertainty is unprecedented, further exacerbating the volatility risk of crypto assets. (Decrypt)