A day that continues to be dominated by geopolitical wars, I see many people today wondering why the war has become more intense. The US stock market is falling while oil prices are rising, and BTC is also rising. Are investors starting to use Bitcoin as a safe haven tool? Actually, it's not. The market reaction was still not good enough this morning, with both the Nasdaq and S&P falling by more than 1.5%, and US oil prices rising to $120. At this time, the market sentiment was very poor. But at noon, there was news that the G7 was preparing to release strategic reserves of oil in response to rising oil prices. This is good news, and if the G7 can really release it, it will lower oil prices. Of course, there is no clear news from the G7 yet, and it will probably be known by the end of this week. And it was this information that eased the market sentiment. After the release of the news, the US stock market began to rebound. The Nasdaq has rebounded from a 1.6% drop to a 0.2% drop, and the price of US oil has also dropped from $120 to the current $93. This price is not much different from the closing on Friday, so the rise in Bitcoin price is not due to no reason or investors turning, but rather the reaction of investors to G7. Of course, if G7 does not plan to release or delay the release, it will still drive sentiment back. Looking back at Bitcoin's data, today's trading volume is still not good enough. Although the price has slightly increased, purchasing power has not risen too much, and the turnover rate is not much different from a normal Monday. Investors' emotions have not intensified due to the price rise, and mainly short-term investors' turnover. The chip structure is still very stable. Although the price is not awesome and the purchasing power is low, we can see that more investors are not panicking. Most investors choose to become long-term investors. In addition, the 20 millionth BTC was officially mined today, and there are not many left. I hope BTC can truly demonstrate its safe haven properties. Bitget VIP， Lower rates and more generous benefits