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The variable that drives fastest repricing in crypto derivatives is not the geopolitical event itself but the speed at which the event moves relative to how much risk was already priced in.
The United States has announced new strikes on Iran.
The action follows Donald Trump's statement at a NATO summit that the ceasefire with Tehran is "over," a declaration that compressed the timeline between diplomatic posture and confirmed military action.
From NATO summit to active strikes Trump's ceasefire termination at a NATO summit was the first signal. The strikes represent the second.
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