In the past 24 hours, the crypto world has acted like a crafty gambler, laughing amidst the rumors and clarifications of war in the Middle East. Bitcoin (BTC) climbed from $105,931 to $106,704, up 0.73%, like a veteran holding steady; Ethereum (ETH) surged from $2,444.8 to $2,459.7, up 0.61%, like a naive rookie turning the tide; Binance Coin (BNB) inched from $643.3 to $645.22, up 0.3%, like a low-key "stability keeper." The S&P 500 rose by 1.11%, while oil prices plummeted by 5.16%, and gold turned in place. This is not the candlesticks dancing; it's the crypto world quietly enjoying the war rumors!
💣 Candlestick carnival under missile rumors
The flames of war in the Middle East have yet to reach the crypto world, but rumors have already stirred the pot. There were reports of a handshake between Israel and Iran, and the market reacted like it was on drugs, with BTC steadily climbing from $105,931 to $106,704, up 0.73%. ETH surged even more, from $2,444.8 to $2,459.7, up 0.61%, peaking at $2,470 during the session, effectively squeezing $100 million in short positions, leaving shorts likely crying on X. BNB, on the other hand, behaved like a good guy, inching up from $643.3 to $645.22, a 0.3% increase, stabilizing like an "old cadre" in the crypto world.
Who was the driving force behind this carnival? Rumors of a ceasefire relieved the market, causing investors to shift from safe assets to high-risk assets, making BTC and ETH the new favorites for "digital hedging." On X, @SaysYao34803 exclaimed: "The missiles didn't hit the oil fields, but the candlesticks exploded!" On-chain data shows increased inflows into BTC and ETH cold wallets, with institutions busy buying the dip. The market saw liquidations of $504 million, with 80% being long positions, and the largest single liquidation of $35.45 million occurred on HTX; retail investors must have been cut down yet again.
The three major cryptocurrencies emerged from the trenches like battle-hardened veterans, smelling of smoke but marching forward with pride. The candlestick carnival proves that the crypto world is never lacking in courage.
🌋 War rumors and market chaos
Israel bombed Iranian nuclear facilities, Iran retaliated against a U.S. military base in Qatar, which easily intercepted the missiles. Though rumors of a ceasefire were clarified, the market acted like it was on steroids. Oil prices (Brent) fell from a high of $73.23/barrel, down 5.16%, as no one worried about oil fields being bombed. Gold hovered around $3,386.47/ounce, fluctuating unpredictably, like a fence-sitter unable to make a decision. Meanwhile, U.S. stocks soared, with the S&P 500 rising 1.11% to 6,025.17 points, the Dow Jones up 1.19%, and the Nasdaq rising 1.53%, thanks in part to news about Tesla's robot taxi.
Why does the crypto world laugh in the end? Rumors of a ceasefire have increased risk appetite, with funds flowing from oil and gold to BTC and ETH. On-chain data shows USDT and USDC trading volume skyrocketed to $30 billion, with retail investors busy hedging while whales picked up chips at the lows. Someone on X sarcastically remarked: "Oil prices are falling like a dog, while the crypto world is secretly laughing!"
War rumors have made the market do a double dance, but the crypto world managed to steal the limelight in this chaos.
🚀 Binance's "war supply station"
Binance has once again acted as the "firefighter." The Binance mining pool launched a BTC mining plan with USDC rewards, attracting a swarm of miners, and the BTC price stabilized like it received a shot of strong medicine. Nano Labs went further, announcing a $500 million investment to establish a BNB treasury, clearly aiming to tighten BNB supply through buybacks and burns, which kept BNB steady as an old dog. The trading volume on South Korea's Upbit exchange surged, with XRP/KRW transactions hitting $200 million, accounting for 10% of the total, showcasing the speculative enthusiasm of Asian retail investors as the "battlefield fireworks" of the crypto world.
ETH has also been busy, with Layer-2 solutions and the DeFi craze giving it strong backing. On X, someone reported: "ETH shorts were squeezed for $100 million; the market is voting with money!" BNB's stability is largely due to Binance's ecosystem providing a "iron rice bowl."
Binance's supply station helped BTC and BNB stabilize in chaotic times, while the fireworks show from South Korean retail investors further ignited market enthusiasm.
🐳 "Trench melee" between whales and retail investors
Retail investors are shouting on X about "fleeing," while whales chuckle in the trenches. On-chain data shows a significant increase in BTC and ETH cold wallet inflows, with institutions busy buying the dip. A giant whale stubbornly held onto 19 long positions on HyperLiquid, down $22 million but not blinking, as tough as a "war god" in the crypto world. Grayscale's ETH trust saw net redemptions of $15 million, but BTC ETFs saw inflows of $50 million, clearly indicating institutions favor BTC. A hacker group known as "Middle East Ghost" threatened to target exchanges on the dark web, but it seems to have made no splash, probably just trying to scare people.
On X, @SaysYao34803 sarcastically said: "Retail investors cry out in pain, while whales laugh secretly; the crypto world is always two-faced." The bloody history of retail investors, the feasting of whales at the bottom, the trench battles have never stopped.
Retail investors cry in the trenches while whales laugh amidst the smoke. The battlefield of the crypto world is forever the domain of the bold.
🔥 "New sparks in chaotic times"
The flames of war cannot extinguish the innovation in the crypto world. The "YieldStar" DeFi protocol launched on Ethereum, locking in $50 million in 24 hours, igniting market enthusiasm. The U.S. Senate's (GENIUS Act) provided a framework for stablecoins, sending the market cap soaring to $25.17 billion, giving the crypto world a taste of "serious business." Tether generously minted $1 billion USDT, akin to sending a box of "wartime ammunition" to the market.
No matter how fierce the war, it cannot stop the spark of DeFi and stablecoins. The future of the crypto world always sprouts in chaotic times.
📉 Battlefield aftermath: Not crazy but not gentle
Today's crypto world feels like a battlefield of "boiling frogs": BTC steady at $106,704, ETH holding at $2,459.7, and BNB fixed at $645.22. The entire network has seen liquidations of $504 million, with 80% being long positions, and the largest single liquidation of $35.45 million occurred on HTX. The market isn't crazy, but it's not gentle either; it could deliver a cold punch at any time.
Time for reflection:
Rumors of a ceasefire caused oil prices to plummet, but the crypto world was secretly pleased. "War is noise; blockchain is the future."
A crazy remark:
"The missiles didn't hit the oil fields, but the candlesticks exploded! Want to stabilize? First learn to dance in the flames of war!"
