Two things are shaking up the crypto world today: First, Trump ordered the blockade of the Strait of Hormuz, escalating geopolitical risks, and BTC briefly dropped below $71,000. Second, U.S. spot Bitcoin ETFs saw a net inflow of $787 million last week, with institutional buying still going strong. My take is that in the short term, sentiment suppression will dominate, leading to higher volatility. But as long as ETF funds keep flowing in, the downside for BTC might be limited, with a tendency to recover after some consolidation.