Then the grid items: "24h Change" -> "24小时变化", "7d Change" -> "7天变化", "Fear & Greed" -> "恐惧与贪婪指数", "Sentiment" -> "市场情绪". The values like "+0.30%", "+3.80%", "29 Fear" -> "29 恐惧" (keep the number and word), "🔴 slightly bearish" -> "🔴 略微看跌". Also the Bitcoin line: "Bitcoin (BTC):" -> "比特币（BTC）：" but keep BTC. Also "$64,901" and "Rank #1" -> "排名第1" or "#1". We'll translate.
We'll keep the style attributes as is.
Then the next paragraph: "The move comes as Trump's rhetoric toward Iran has escalated, though it's unclear if this is more than bluster. The Iranian government hasn't publicly responded to the president's comments, and the US government hasn't outlined any concrete military plans."
Translation: "此举正值特朗普对伊朗的言辞升级之际，尽管尚不清楚这是否只是虚张声势。伊朗政府尚未公开回应总统的言论，美国政府也未概述任何具体的军事计划。"
Then "Why crypto traders are on edge" heading: "为什么加密货币交易者感到紧张" or "为何加密货币交易者如坐针毡". We'll use "为何加密货币交易者感到紧张".
Paragraph: "For crypto markets, this headline lands at a delicate moment. Sentiment is already fearful, with the broader market leaning bearish and on-chain signals staying neutral. That neutral on-chain read matters: despite the geopolitical noise, there's no sign of panic selling from long-term holders. No spike in exchange inflows, no frantic wallet movements."
Translation: "对于加密货币市场而言，这一头条新闻恰逢微妙时刻。市场情绪本就恐惧，整体市场偏空，链上信号保持中性。这种中性的链上读数很重要：尽管地缘政治噪音不断，但没有长期持有者恐慌性抛售的迹象。交易所流入没有激增，钱包活动也没有异常波动。"
Next paragraph: "The absence of a reaction suggests the market is becoming desensitized to political rhetoric. But that doesn't mean it's immune. A real escalation — an actual bombing, or a sharp rise in oil prices — would hit risk assets across the board. Bitcoin, despite its 'digital gold' narrative, tends to move like a risk asset in the short term."
Translation: "缺乏反应表明市场对政治言论已变得麻木。但这并不意味着它免疫。真正的升级——实际轰炸或油价大幅上涨——将全面打击风险资产。比特币尽管有‘数字黄金’的说法，但短期内往往像风险资产一样波动。"
Next: "What's more telling is what's not happening. If this were 2021, a presidential threat like this might trigger a wave of leveraged liquidations. Instead, the on-chain data points to a more mature market. Retail might be nervous, but the smart money isn't moving."
Translation: "更值得注意的是没有发生的事情。如果这是2021年，这样的总统威胁可能会引发一波杠杆清算。相反，链上数据表明市场更加成熟。散户可能紧张，但聪明钱并未行动。"
Then "The oil angle nobody's talking about" heading: "没人谈论的石油角度" or "被忽视的石油因素". We'll use "无人提及的石油角度".
Paragraph: "The real transmission channel here isn't crypto directly — it's oil. Pickaxe Mountain is widely believed to be a military or nuclear facility, and any US strike would almost certainly disrupt energy markets. A spike in crude prices would reignite inflation fears, forcing central banks to keep rates higher for longer. That's the scenario that would actually hurt Bitcoin, far more than the immediate risk-off reaction."
Translation: "这里真正的传导渠道不是加密货币，而是石油。人们普遍认为Pickaxe Mountain是军事或核设施，任何美国打击几乎肯定会扰乱能源市场。原油价格飙升将重新引发通胀担忧，迫使央行在更长时间内维持高利率。这才是真正会伤害比特币的情景，远比即时的避险反应更严重。"
Next: "Most crypto media will frame this as a geopolitical shock to digital assets. The more accurate read is that it's a macroeconomic story with crypto collateral damage. If oil stays calm, so will BTC. If oil spikes, expect a grind lower."
Translation: "大多数加密货币媒体会将此描述为对数字资产的地缘政治冲击。更准确的理解是，这是一个宏观经济故事，附带加密货币的附带损害。如果石油保持平静，BTC也会如此。如果石油飙升，预计会缓慢下行。"
Next: "There's also a live experiment in Bitcoin's store-of-value thesis. If traditional markets — stocks, bonds — fall harder than crypto, BTC could attract safe-haven flows. If crypto falls harder, the narrative takes another hit. This event is a real-world test, and the results will be visible in the coming days."
Translation: "这也是对比特币价值存储理论的一次实时实验。如果传统市场——股票、债券——比加密货币跌得更厉害，BTC可能会吸引避险资金。如果加密货币跌得更厉害，这种叙事将再次受到打击。这一事件是现实世界的测试，结果将在
