Crypto Morning Post 2026.02.23 | Risk aversion ignites gold prices, crypto market faces' extreme panic 'test, OpenSea officially promotes coins! TL; DR (too long to read): Macro Black Swan: Trump raises global tariffs to 15% and plans to visit China, risks of war between the US and Iran surge, gold prices skyrocket back to $5100, and core PCE in December hits a new high since 2025. Liquidity depletion: Exchange stablecoin reserves sharply decreased by 14% within 3 months, Bitdeer cleared all 943 BTC, Vitalik frequently reduced its ETH holdings, and the market purchasing power was severely lacking. Infrastructure and Airdrop: OpenSea confirms that SEA tokens will be launched in Q1 2026, with 50% allocated to the community; Solana introduces a major update to Firefighter to improve network performance. Market sentiment: The Fear and Greed Index has fallen to 5 (extreme panic), Bitcoin continues to be weak, and during the Spring Festival period, it failed to stabilize at $70000, leading to a strong wait-and-see sentiment among funds. The main text is as follows: Crypto Breakfast | February 23rd 1. With the uncertainty of Trump's tariff policy potentially triggering a new round of chaos, coupled with increasing signs that the United States may use force against Iran, spot gold returned to the $5100 mark and ultimately closed up 2.1% at $5104.34 per ounce; Spot silver ultimately closed up 7.8% at $84.64 per ounce, recording its first weekly increase since a sharp decline at the end of January. 2. All three major stock indexes in the US stock market closed higher, with the Dow Jones Industrial Average rising 0.47% to 49625.97 points; The Nasdaq rose 0.90% to 22886.07 points; The S&P 500 index rose 0.69% to 6909.51 points. White House officials confirm that Trump will visit China from March 31st to April 2nd. 4. US economic data The core PCE price index in the United States recorded an annual rate of 3% in December, reaching a new high since February 2025. In 2025, the US GDP will grow by 2.2% year-on-year, the lowest level since 2021. 5. Latest developments in the United States and Iran US and Iranian negotiators are expected to meet in Geneva on Thursday. Trump is inclined to launch initial strikes against Iran in the coming days and may launch larger scale attacks in the coming months. MicroStrategy founder Michael Saylor announces BTC increase in holdings. At present, MicroStrategy's asset value is about 6 times its liabilities, and its cash reserves can pay dividends for over 30 months. 7. Mining company Bitdeer has cleared all 943 BTC holdings, currently at 0. Wu Jihan responded that resetting to zero does not mean he is not optimistic about the future. 8. CEX stablecoin reserves have decreased by 14% in the past three months. This means that capital outflows significantly reduce market liquidity and amplify volatility. Vitalik Buterin sells hundreds of thousands of dollars worth of ETH. V God is selling ETH like crazy. Trump raises global tariffs from 10% to 15%. Solana introduces Firedance update. Improve network efficiency, speed, and resilience. OpenSea confirms that SEA tokens will be launched in Q1 2026, with 50% allocated to the community. OpenClaw has banned keywords such as "Bitcoin" and "Crypto" due to the token controversy, and the founder has drawn a clear line with the cryptocurrency field. IoTeX: The impact of the security incident has been controlled, resulting in a loss of approximately $2 million. It is expected to resume charging and withdrawal within 24-48 hours. Bitcoin Market Analysis: Today's cryptocurrency panic and greed index is 5 (yesterday was 9), and the market's "extreme panic" sentiment has intensified. Under the macro background, the market continues to experience panic, which is reflected in a sustained weak adjustment on the candlestick. During the Spring Festival, it also failed to rise above $70000. The stable coins of CEX are flowing out, and ETFs continue to flow out, all of which reflect that there is currently no buying motivation in the market. At present, funds are both seeking safety and may be waiting for the passage of the cryptocurrency bill, which is expected to take place between April and June. What we can do now is to stay alive. [Risk Reminder] Digital assets have significant fluctuations and extremely high risks. Please participate with caution, avoid full positions, and refuse loan leverage;