According to a notice issued by Kyiv Mayor Vitali Klitschko on October 8, Kyiv, the capital of Ukraine, was hit by another round of attacks. It has so far caused 4 deaths and 19 injuries. Ukraine’s Ministry of Energy later confirmed that the strikes directly hit power grid facilities in Kyiv, leading to large-scale power outages across multiple areas of the capital and disrupting operations at several critical infrastructure sites.

This direct attack on energy facilities in a core city indicates that geopolitical tensions have once again escalated in a tangible way. Against the backdrop of the approaching heating season, the vulnerability of the energy supply chains in Eastern Europe has been amplified once again. Market expectations that the conflict’s pace would slow were clearly shaken.

The sudden rise in geopolitical risk quickly boosted safe-haven sentiment, providing short-term support for strategic assets such as gold and oil in traditional markets. Investors’ concerns about a rebound in inflation and disruptions to supply chains have reignited, leading global risk appetite to contract accordingly. Cross-asset capital has shifted into a defensive posture in the short term.

For the crypto market, abrupt shifts in the situation often trigger liquidity fluctuations at the first moment, and leveraged funds in the short term face some pressure from reshuffling. However, as crypto assets are all-weather trading instruments, after they digest safe-haven sentiment, their direction is still expected to return to overall macro liquidity and broader market consensus. Investors should watch for the risk of sharply volatile price action. $BTC

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