President Trump issued a warning to Iran regarding the potential disruption of oil transportation through the Strait of Hormuz, triggering market volatility. Oil prices fell nearly 30% from recent highs. Meanwhile, the total cryptocurrency market capitalization surged, increasing by $150 billion in less than 48 hours, with Bitcoin returning to the $70,000 level. Analysts point out that the connection between the energy market and risk assets is becoming increasingly close, highlighting a high-risk scenario: an increase in long positions in oil could lead to a sharp decline in prices and potentially spread to the cryptocurrency market.