The escalation of the Venezuela situation is indeed worth paying attention to. Today’s explosion in Caracas and the subsequent market correction fundamentally reflect the systemic impact of geopolitical risks on risk assets.

From on-chain data, such sudden events typically trigger two types of capital flows: one is risk-averse selling by large holders, and the other is proactive contraction by liquidity providers. I have observed recent unusual activity in whale wallets, but further tracking of subsequent fund inflows and outflows is necessary. The key is whether, after this correction, institutions are continuing to reduce their positions or are accumulating on dips.

Geopolitical conflicts often cause short-term volatility but are unlikely to change long-term trends. The focus is not on predicting when the market will rebound, but on identifying structural opportunities within such risk events. It is recommended to closely monitor changes in contract holdings and large on-chain transfers, as these data often reflect market participants’ true sentiment earlier.

The current correction is still within a manageable range, so there is no need for excessive reactions. Continue to observe.