Iran's response has begun:
After US strikes on Iranian nuclear facilities, Iran just attacked US military bases in Qatar and Iraq.
Meanwhile, oil prices just CRASHED over -6% on the news.
Why? Markets are saying EVERYTHING you need to know. Let us explain.
(a thread)

Twitter

<Odaily> Planet Daily News: Crypto market analysis firm Santiment posted on X platform that today, the US military bombed Iranian nuclear facilities, marking a significant escalation of the ongoing conflict between Iran and Israel for over a week. In the United States, New York Democratic Congressman Alexandria Ocasio-Cortez has requested the initiation of impeachment proceedings against Trump, with supporters believing this is crucial to curbing Iran's nuclear capabilities development. Global political figures and analysts warn that Iran may retaliate through cyber attacks, proxy armed attacks, or by cutting off oil transportation routes. Currently, approximately 40,000 US troops are stationed in the region, and with Trump personally threatening to use "more powerful force" in response, the situation may further deteriorate. The cryptocurrency market reacted quickly. According to Santiment's social metrics monitoring, the keyword "Iran" instantly spiked after the news broke. Bitcoin's price unexpectedly remained stable, which may be due to the event occurring on a weekend night (US time zone). Such geopolitical crises typically cause market fluctuations as investors assess the risk of war escalation.

Santiment: The bombing incident shows that the situation has further deteriorated, and the stability of Bitcoin prices may be due to the weekend night time in the United States

A Night of Ice and Fire
In less than 24 hours, global financial markets experienced a thrilling song of ice and fire. Last night (<specific date reference>), an explosive piece of news from the Middle East was like a massive stone thrown into a calm lake, instantly creating towering waves, causing risk assets to plummet and market panic to spread. Bitcoin plummeted from its near $112,000 high. However, after a night of panic selling, this morning (<specific date reference>), market sentiment seemed to dramatically recover, with Bitcoin rebounding and breaking through $101,000 before falling back, currently trading at around $100,8...

A terrifying night: Bitcoin fell below 98,300 last night and then rebounded strongly. What’s the reason?

PANews reported on June 23 that according to The Information reporter Yueqi Yang, crypto exchange OKX is considering an initial public offering (IPO) in the United States after returning to the U.S. market in April this year.

Source: OKX is considering an IPO in the U.S.

Volatility has been the common denominator of 2025, but it's great for investors.
The technicals remain strong and we continue to trade the swings in both directions.
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Overall, this is nowhere near a market pricing-in a prolonged conflict between global powers.
Iran has responded in a calculated and de-escalatory way, in our view.
Ignore the noise and follow the markets.
Follow us @KobeissiLetter for real time analysis as this develops.