Over the past 48 hours, a series of dramatic statements by U.S. President Trump on Middle Eastern issues have led the global market through a "roller coaster" situation:
- June 22: Ordered an airstrike on Iranian nuclear facilities
- Early morning of June 23: Hinted at expecting an "regime change" in Iran
- Evening of June 23: Thanked Iran for advance notification of retaliation
- Early morning of June 24: Suddenly announced a ceasefire between Israel and Iran
Trump posted on Truth Social this morning Beijing time:
"Congratulations to everyone! Israel and Iran have fully agreed to implement a complete and comprehensive ceasefire (about 6 hours from now, at which time Israel and Iran will end and complete their ongoing final mission!), lasting 12 hours, after which this war will be considered over! Officially, Iran will begin the ceasefire, and at the 12th hour, Israel will begin the ceasefire, and at the 24th hour, the world will officially pay tribute to the 12-day war ending. During each ceasefire period, the other party will maintain peace and respect."
The Middle Eastern geopolitical situation made a 180-degree turn, and leveraged players hadn't even reacted before the market reversed.
Market data shows that after the news was announced, Bit rebounded, reaching a price of over $106,000 at 6:30 AM Beijing time, with a 24-hour increase of nearly 5%. Ethereum rose above $2,400 per coin, with a daily increase of 7.76%. Other mainstream cryptocurrencies also rose by 5%-8%. Solana led the Altcoins with a rise of about 10%. At the time of writing, BTC slightly retreated to around $105,000.
If the weekend's sharp drop was the market over-pricing geopolitical risks, Trump's latest statement clearly released a signal of easing, prompting funds to quickly flow back into risk assets.
It's worth noting that during BTC's violent price fluctuations, the crypto market saw large-scale short position liquidations. According to CoinGlass data, the total liquidation amount in the past 24 hours reached $482 million, with short positions accounting for over 70%.
Meanwhile, derivatives market data shows optimistic sentiment is warming up.
Trading institution QCP Capital pointed out that although the put option skew for September expiration remains high, short-term volatility is being compressed - a typical signal indicating traders are digesting broader spreading risks. "U.S. stock index futures, oil, and gold initially reacted to the news headlines but have now fallen back to last Friday's levels," QCP added, suggesting investors view the current situation as a regional conflict escalation rather than a full-blown global crisis.
Crypto analyst Crypto Caesar stated: "Bitcoin currently maintains strength. This week's trend will be very interesting, BTC/USD is forming a clear head and shoulders reversal pattern - a bullish chart. Bitcoin is repeating the classic cycle of 'breakthrough new high → pullback → main upward wave', and the next vertical movement might be closer than you imagine. History is repeating itself, don't get trapped in chasing highs."
Bitfinex Alpha noted in its June 23 report that ETF fund inflows are "unusually stable", with spot ETFs becoming a programmatic bottom support. The report defined the $94,000-$95,000 range as a key support level, with $105,000-$110,000 as the recent resistance zone. Analysts expect prices to oscillate within this channel before weekly fund inflows re-break $1.5 billion or a new macro catalyst emerges.
However, behind the market's optimistic sentiment, an unavoidable fact is that the Trump administration's policy statements remain the most unpredictable variable. From tariff policies to crypto regulation, this capricious president always brings "surprises". In such an environment, what investors can do might be to maintain cautious optimism while sincerely hoping the world has more true peace and love, and fewer geopolitical games.
