[Bitunix Analyst: Iran Oil Exemption Revoked, Hormuz Situation Worsens, Risk Asset Volatility Intensifies] BlockBeats News, July 8 — The global market's focus has shifted to the worsening situation in the Middle East. The United States has not only expanded its military strikes against Iran but also revoked Iran's oil sales exemptions, escalating security risks in the Strait of Hormuz. International oil prices surged by approximately 5% at one point, reflecting the market's recalibration of uncertainties in energy supply. The situation has evolved beyond a single military conflict, with risks to energy transportation and the global supply chain rising simultaneously. Iran continues to strengthen its claims of control over the Strait of Hormuz, while the U.S. military has raised the local shipping threat level to "severe," indicating significant uncertainties in global energy transportation. Meanwhile, Saudi Arabia plans to expand its Red Sea oil pipeline, signaling that major oil-producing countries are proactively establishing alternative transportation routes to reduce reliance on the Strait of Hormuz. On monetary policy, New York Federal Reserve President Williams stated that declining energy prices could help alleviate short-term inflation, but current policy remains appropriately positioned, with no clear guidance on future interest rate directions. The Federal Reserve will continue to adjust its policies based on economic data. Notably, risks in the U.S. tech sector are also rising. Nasdaq 100 volatility has reached a two-decade high, with AI-related trades remaining highly concentrated. Some Wall Street institutions have begun using options for hedging and gradually shifting funds toward defensive industries such as healthcare and essential consumer goods, reflecting profit-taking pressures on highly valued tech stocks. In the crypto market, Bitcoin remains in a consolidation phase, with short-term market liquidity concentrated around four key liquidation zones: $62,500 and $60,000 below, and $64,300 and $67,700 above. Amid ongoing macroeconomic disruptions, prices may continue to fluctuate around high-leverage positions, with short-term volatility expected to remain elevated. The market must continue to monitor changes in the Middle East situation, oil prices, and global risk sentiment.