Bitcoin is currently trading in the range of US$105,000, up about +3.8% compared to the previous close.
The wave of 'ceasefire' between Iran–Israel initiated by Trump has triggered a rally: Ethereum surged ~9% to US$2,420, and Bitcoin once again broke through US$106K before stabilizing around ~US$105K.
However, there was a sharp downward trend intra-week: Bitcoin briefly fell below US$103K, triggering large liquidations—US$450–700 million in derivative instruments.
Geopolitical risks remain high: US military actions against Iran and the escalation between Israel and Iran have made investors tend to be risk-off. The CoinDesk 20 index fell 6.1% at one point, with BTC and SOL down 2–9.5% each, and crypto liquidations reached US$1.16 billion.
Despite the volatility, some analysts call this a strategic momentum: 'sharp dips may offer a chance to accumulate,' with a long-term Bitcoin target between US$150K–200K.