Gate News, since the outbreak of the Israel-Iran conflict, Bitcoin has fallen 3% to 104,000, and Ethereum has fallen 10%! Geopolitical risks are superimposed on the hawkish Federal Reserve, the crypto market is walking on thin ice, can the ETF billion dip turn the tide? Look at how the options market "buys insurance". Check out the latest analysis: This week, the cryptocurrency market experienced a violent shock triggered by geopolitical tensions. Since the outbreak of the Israeli-Iranian conflict on June 3, the price of Bitcoin has fallen by about 3% and is currently hovering above the key mark of $104,000; The Ethereum market was even more bleak, plummeting nearly 10% to $2,500. Coinglass data shows that the current Fear & Greed Index is at a neutral level of 48.