The Pentagon is brewing a ground military operation against Iran, and BTC has just taken a breather as a new round of volatility approaches—another round is back, and the fear index has been stuck at "Extreme Fear" for 46 consecutive days.

The Washington Post broke a major story last night: the Pentagon is developing a multi-week ground combat plan against Iran, including Navy Marine Corps raids on Hark Island and facilities along the Strait of Hormuz. Although Trump has not yet approved deployment, the plan has been put on the table. According to Fox News, the possible additional ground forces could reach up to 10,000 troops.
In terms of market, BTC just rebounded from 66.3K to 67K, but resistance above remains evident. The Fear & Greed Index is at 9, marking 46 days in the "Extreme Fear" zone, setting a new record. Funding rates are BTC -0.0045%, ETH -0.0018%, with bears still dominating. ETH is repeatedly tugging at the 2000 level, and SOL has also fallen below 83.
There is some good news—yesterday’s $14 billion quarterly options expiration pressure has been digested. The market has cleared the way, and liquidity pressure has temporarily eased. Big Brother Magi continues to add to long positions in BTC, ETH, and HYPE at this level, with total holdings exceeding $15 million. It seems smart money prefers to enter during times of extreme fear.
The real variable remains the geopolitical situation. The final ultimatum on 4/6 combined with preparations for ground operations makes this weekend uncertain. The probability of a U.S. invasion of Iran before 3/31 on Polymarket has dropped to 11%, but which do you trust more—official Pentagon statements or betting odds?