On Saturday morning, a sudden news event broke the upward momentum of Bitcoin. After the explosion in the capital of Venezuela was widely reported by international media, Bitcoin's price quickly came under pressure, dropping over $1,000 in less than an hour from around $90,500, and even briefly breaking below $89,500.

The logic behind this is actually not complicated. Previously, U.S. President Trump had issued multiple military warnings to Venezuela and had deployed naval forces in the Caribbean. In such a highly tense environment, any sudden event is easily interpreted by the market as a signal of escalating tensions. Although the cause of the explosion has not been officially confirmed and there is no evidence linking it to the U.S., market reactions tend to be faster and more intense than rational judgment.

From this wave of decline, several phenomena can be observed. First, Bitcoin quickly fell back from the key resistance level of $91,000, ending its short-term upward attack at the hourly level, and is now retesting the support at $90,000. Second, this indicates that cryptocurrencies act like an emotional amplifier in the face of macro uncertainties, especially during weekends when liquidity is already weaker, making them particularly vulnerable and sensitive to any sudden information.

In plain terms, this volatility serves as a wake-up call to market participants: besides paying attention to economic data and industry fundamentals, geopolitical risks such as black swan events can also trigger short-term sharp price fluctuations. In the pricing logic of crypto assets, the weight of uncertainty is much higher than that of traditional assets.