In the past 48 hours, a series of dramatic statements by US President Trump on the Middle East issue have caused the global market to experience a "roller coaster" market:
- June 22: Airstrikes ordered against Iranian nuclear facilities
- June 23 morning: hints at hope for "regime change" in Iran
- June 23 evening: Thank you Iran for notifying us of the retaliatory action in advance
- Early morning of June 24: Sudden announcement of ceasefire between Israel and Iran
Trump posted on Truth Social this morning Beijing time:
"Congratulations to all! It has been fully agreed upon between Israel and Iran that there will be a complete and total ceasefire (approximately 6 hours from now when Israel and Iran will wrap up and complete the final missions they are currently undertaking!) for 12 hours at which point this war will be considered over! Officially, Iran will begin a ceasefire and at the 12th hour, Israel will begin a ceasefire and at the 24th hour the world will salute the official end of the 12-day war. During each ceasefire the other side will remain peaceful and respectful."
The geopolitical situation in the Middle East took a 180-degree turn, and before leveraged players could react, the market reversed.
Market data shows that after the announcement, Bitcoin rebounded. As of 6:30 a.m. Beijing time on the 24th, the price of Bitcoin once exceeded $106,000, with a 24-hour increase of nearly 5%. Ethereum stood at $2,400 per coin, up 7.76% on the day. Other mainstream currencies also rose by about 5%-8%. Solana led the growth of major altcoins with a growth of about 10%. As of press time, BTC has slightly fallen back to around $105,000.
If the sharp drop over the weekend was due to the market over-pricing geopolitical risks, Trump's latest statement clearly sent a signal of easing, prompting funds to quickly flow back into risky assets.
It is worth noting that during the period of sharp fluctuations in Bitcoin prices, the crypto market saw large-scale short position liquidation. According to CoinGlass data, the total amount of cryptocurrency liquidations in the past 24 hours reached US$482 million, of which short positions accounted for more than 70%.
Meanwhile, derivatives market data showed growing optimism.
Trading house QCP Capital noted that while the skew for put options expiring in September remains high, short-term volatility is compressing - a classic sign that traders are pricing in wider contagion risks. "U.S. stock futures, crude oil and gold initially reacted to the headlines but have now retreated to Friday's levels," QCP added, suggesting that investors view the current situation as an escalation of regional conflict rather than a full-blown global crisis.
Crypto analyst Crypto Caesar said: "Bitcoin is currently strong. 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 pattern of "breaking new highs → stepping back → main rising wave". The next vertical trend may be closer than you think. History is repeating itself, don't be trapped in chasing highs."
Bitfinex Alpha pointed out in its June 23 report that ETF inflows are "abnormally stable" and that spot ETFs have become programmatic bottom support. The report identified the $94,000-95,000 range as a key support level, and $105,000-110,000 as a near-term resistance zone. Analysts expect prices to remain volatile within this channel until weekly inflows break through $1.5 billion again or new macro catalysts emerge.
However, behind the market's optimism, one fact that cannot be ignored is that the Trump administration's policy stance is still the most difficult variable to predict. From tariff policies to cryptocurrency regulation, this fickle president always brings "surprises". In such an environment, perhaps all investors can do is to remain cautiously optimistic and sincerely pray that the world will have more real peace and love and less geopolitical games.
