Huoxun Finance News, February 28th - According to CoinDesk, while many on social media worry that Iran might block the Strait of Hormuz to disrupt oil supplies, some experts believe these concerns may be exaggerated. The strait is a crucial passage for approximately 20% of global oil shipments. Some argue that a direct conflict could cause oil prices to surge to $120-$150, triggering an inflationary shock and market sell-off. This potential conflict has heightened tensions in the crypto market, the only place where investors can express fear and risk during the weekend when traditional markets are closed. However, some observers point out that a complete blockade of the strait is not in Iran's interest and is even geographically impractical. Economist Daniel Lacalle stated that Iran currently produces 3.3 million barrels of oil per day, and blocking the strait would be tantamount to "cutting off its own path." Furthermore, the shipping lanes of the strait are primarily located in Omani waters, not Iranian waters, because the Iranian side is shallower and unsuitable for large oil tankers. Energy market expert Dr. Anas Alhajji stated that despite numerous wars, the Strait of Hormuz has never been truly blocked because it is too wide and well-protected to be practically closed. Overall, the likelihood of Iran blocking the strait and cutting off oil supplies is low. However, a full-blown war could still trigger widespread risk aversion, potentially pushing Bitcoin below the key support level of $60,000.

According to Huoxun Finance on February 28th, CoinAnk data shows that in the past 24 hours, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $382 million, including $277 million in long positions and $105 million in short positions. The total liquidation amount for BTC was $148 million, and the total liquidation amount for ETH was $90.29 million.

According to Huoxun Finance on February 28, citing CCTV News, officials from the EU Navy's "Operation Aspides" (EU Red Sea escort operation) stated on the 28th that their ships had received radio signals from the Iranian Revolutionary Guard Corps stating that "no ships are allowed to pass through the Strait of Hormuz."

According to Huoxun Finance on February 28, the Iranian Islamic Revolutionary Guard Corps issued a statement on the 28th local time, saying that a new round of missile attacks against US military bases has begun.

According to Huoxun Finance on February 28, the Israel Defense Forces stated on February 28 that it had completed a "widespread strike" on Iran's strategic defense system, severely weakening it.