In the past 24 hours, the crypto world has resembled a veteran returning from the battlefield, shaking off the smoke and secretly rejoicing in the news of the ceasefire. Bitcoin (BTC) climbed from $106,775 to $107,554, a rise of 0.73%, stable as an old fox; Ethereum (ETH) surged from $2,399 to $2,451, up 2.17%, like a young rookie making a comeback; Binance Coin (BNB) inched from $640 to $646, a rise of 0.94%, low-profile like an 'old cadre' in the crypto world. The S&P 500 rose by 0.80%, oil prices fell by 0.64%, and gold declined by 0.75%. This isn’t a candlestick dancing; it’s the crypto world partying in the spring breeze of ceasefire!
💣 Ceasefire confirmed, candlesticks go wild
The ceasefire agreement between Israel and Iran has finally settled, and Trump boasts on social media about being a 'peace maker.' Although both sides are still blaming each other, the market has already bought it. BTC has steadily climbed from $106,775 to $107,554, an increase of 0.73%, steady like a veteran holding his ground. ETH is even more aggressive, surging from $2,399 to $2,451, up 2.17%, with $100 million in short positions being squeezed during the session, and shorts are likely crying on X. BNB remains a low-profile 'stable player,' rising from $640 to $646, an increase of 0.94%.
Who is the driving force behind this carnival? The ceasefire has led to a resurgence in risk appetite, with funds flowing from oil prices and gold into the crypto world, making BTC and ETH the new favorites for 'digital hedging.' On X, @SaysYao exclaimed: 'The missiles have stopped, and the candlesticks are bursting with color!' On-chain data shows a significant increase in BTC and ETH cold wallet inflows, with institutions frantically bottom-fishing. The total liquidations across the network reached $504 million, with bulls accounting for 80%, and the largest single liquidation of $35.45 million occurred on HTX, with retail investors being chopped down once again.
The three major cryptocurrencies march forward like veterans emerging from the trenches, carrying the scent of gunpowder. The spring breeze of ceasefire has made the candlesticks dance wildly.
🌋 The spring breeze of ceasefire blows, the market dances wildly
The ceasefire agreement between Israel and Iran has diminished the gunpowder smell in the Middle East; although Trump is being blamed by both sides, the market has already breathed a sigh of relief. Oil prices (Brent) fell by 0.64% to $79.23/barrel, alleviating supply concerns; gold declined by 0.75%, closing at $3,360/ounce, reminiscent of a fence-sitter. U.S. stocks, on the other hand, soared, with the S&P 500 up 0.80% to 6,015 points, the Dow Jones up 0.94%, and NASDAQ up 0.31%, with semiconductor stocks and Tesla's robot taxi news playing significant roles.
Why does the crypto world laugh last? The ceasefire has led funds to flow into high-risk assets, allowing BTC and ETH to capitalize. On-chain data shows that USDT and USDC trading volume skyrocketed to $30 billion, while retail investors busily sought protection, and whales picked up chips at the lows. Someone on X remarked: 'Oil prices are dropping like a dog, but the crypto world is secretly laughing!'
The spring breeze of ceasefire has caused the market to dance wildly, but the crypto world has seized the C position amidst this chaos.
🚀 Binance liquidation, GameStop 'hype'
This time Binance is playing hardball, announcing the delisting of five altcoins, causing a wail from the market, but BNB remains steady, rising 0.94%. GameStop jumped on the BTC train, claiming they want to hoard Bitcoin as treasury assets, likely aiming to transition from meme stocks to 'crypto traffic king.' As soon as this news broke, both BTC and ETH benefitted, and market confidence surged. The trading volume on South Korea's Upbit exchange skyrocketed, with XRP/KRW trading volume reaching $200 million, showcasing the speculative enthusiasm of Asian retail investors as the 'battlefield fireworks' of the crypto world.
The 2.17% increase in ETH is thanks to the Layer-2 and DeFi craze, with reports on X revealing: 'ETH shorts were squeezed for $100 million; the market is voting with money!' The stability of BNB relies on the 'iron rice bowl' of the Binance ecosystem and Nano Labs’ $500 million treasury plan.
Binance's liquidation and GameStop's 'hype' have ignited sparks in the crypto world, and the fireworks show by Korean retail investors has further fueled market enthusiasm.
🐳 The 'trench brawl' between whales and retail investors
Retail investors shout 'we want to escape' on X, while whales quietly laugh in the trenches. On-chain data shows a significant increase in BTC and ETH cold wallet inflows, with institutions busy bottom-fishing. A giant whale stubbornly held onto 19 long positions in HyperLiquid, with an unrealized loss of $22 million but not batting an eye, tough as a 'battle god' in the crypto world. Grayscale's ETH trust saw a net redemption of $15 million, while BTC ETF saw an inflow of $50 million, clearly favoring BTC among institutions. A hacker organization called 'Middle East Ghost' threatened to target exchanges, but in the end, not even a ripple was created, likely just bluster.
On X, @SaysYao remarked: 'Retail investors cry out in pain, while whales secretly laugh; the crypto world is always two-faced.' The bloody history of retail investors and the feast of whales bottom-fishing, the game in the trenches never stops.
Retail investors cry in the trenches, while whales laugh amidst the smoke. The battlefield of the crypto world has always belonged to the bold.
🔥 New stars in chaotic times: DeFi and options expiration
$40 billion in BTC options expiring has traders holding their breath, but the market remains as steady as if it were dozing. The launch of the 'YieldStar' DeFi protocol on Ethereum saw $50 million locked in 24 hours, igniting market enthusiasm. The U.S. Senate's (GENIUS Act) has caused the market value of stablecoins to soar to $25.17 billion, giving the crypto world a hint of 'serious business.' Tether has generously minted another $1 billion USDT, almost like sending a box of 'war-time ammunition' to the market.
The ceasefire has quelled the flames of war, but the sparks of DeFi and stablecoins are burning even brighter in the crypto world.
📉 Battlefield aftermath: neither frenzied nor gentle
Today's crypto world resembles a battlefield where 'the frog is being boiled in warm water': BTC stabilizes at $107,554, ETH holds at $2,451, and BNB is fixed at $646. Total liquidations across the network reached $504 million, with 80% being bulls, and the largest single liquidation of $35.45 million occurred on HTX. The market is neither frenzied nor gentle; it could deliver a cold punch at any moment.
Time for hindsight:
The ceasefire has caused oil prices to plunge, but the crypto world is secretly rejoicing. @SaysYao said well: 'The sound of war is noise, blockchain is the future.'
A piece of madness:
'The missiles have stopped, but the candlesticks are bursting with color! Want to stay steady? First, learn to party in the spring breeze of ceasefire!'
🧠 Closing remarks: The 'survival rules of the battlefield' in the crypto world
The market fluctuations triggered by the Israel-Iran ceasefire reveal the resilience and cunning of the crypto world. The slight increases in BTC, ETH, and BNB prove that the crypto market can find its rhythm in chaotic times. The drop in oil prices and the rebound in U.S. stocks indicate that investors' concerns about escalating conflicts have dissipated, allowing the crypto world to absorb waves of 'risk appetite' funds. Binance's liquidation, GameStop's BTC craze, and Nano Labs' BNB treasury have injected a strong dose of confidence into the market, while the rise of DeFi and stablecoins ignites long-term hopes.
