Trump "Pauses Strike on Iran" for 20 Minutes, Global Markets Surge 2.5 Trillion Dollars, BTC Surges to 71000, Liquidations of 659 Million Shake the Market

Asian session BTC once plunged to a “two-week low” of $67,371, then surged within 20 minutes after Trump announced a pause in Iran strikes. Global markets increased by $2.5 trillion in market cap, with BTC jumping 5.86% to $71,000. Over $659 million in liquidation occurred within 24 hours, the largest since 2/25.

(Background: Oil prices soared 9%, then Trump intervened! Naval escort in the Hormuz Strait + DFC war risks, BTC defied the trend and rose above $71,000)

(Additional context: The decline widened! BTC broke below $69,000, ETH lost the $2,100 level, and total network liquidations surged past $450 million)

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• $400 million in liquidations, with longs making up 70%, hitting a new high since 2/25
• Trump’s “Iran strike pause” ignites, global market cap increases by $2.5 trillion in 20 minutes
• Other cryptocurrencies: XRP leads gains, major coins rally together
• Fear Index rebounds from 11 to 33, miners still under loss pressure

After the Asian market opened, Bitcoin quickly recovered from the “67,371 USD” two-week low, rebounding to above “71,000 USD” in less than half a day, with a nearly 5.86% increase. The current price is around $70,520. The trigger for this rally was not on-chain but at the White House—Trump’s statement of “pause in Iran strikes” reignited global risk appetite within 20 minutes.

Ethereum also rebounded, rising from a low of $2,030 to $2,187, about a 5.65% increase, currently holding around $2,160.

$400 million in liquidations, with longs making up 70%, hitting a new high since 2/25

Before this rebound, the leveraged market experienced a major purge. When BTC dropped to $68,200, a chain reaction of liquidations was triggered, with over $659 million in total 24-hour liquidations, the largest single-day long liquidation since 2/25. Currently, there is a whale holding a $35.3 million short position on-chain. If BTC breaks above $72,400, it will face forced liquidation. The subsequent trend warrants close attention.

Trump’s “Iran strike pause” ignites, global market cap increases by $2.5 trillion in 20 minutes

The trigger for today’s market move was the rapid de-escalation of geopolitical tensions. Trump announced a pause in attacks on Iran’s energy infrastructure and power plants, stating that both sides had engaged in “very good and productive” talks. Following this news, markets surged within 20 minutes: S&P 500 futures up 3.98%, Nasdaq futures up 4.17%, and BTC market cap increased by $80 billion in a single day. Notably, Iranian state media immediately denied any direct or indirect contact, contradicting Trump’s statement, leaving the situation uncertain.

Other cryptocurrencies: XRP leads gains, major coins rally together

Major coins generally rose. XRP increased about 3.7%, trading at $1.44; SOL fluctuated between $87 and $92; ETH, DOGE, SOL, LINK all gained around 5%, moving in sync with BTC.

Fear Index rebounds from 11 to 33, miners still under loss pressure

Market sentiment shows signs of recovery, with the Fear & Greed Index rising from last week’s “11 (Extreme Fear)” to “33 (Fear).” U.S. stocks closed last Friday with the Dow up 631 points, and today S&P and Nasdaq futures rose another 2.7%. However, miner pressure remains—current average production cost for Bitcoin is about $88,000, well above the current market price, with each coin at a loss of roughly $19,000. Miner capitulation signals persist. Whether the rebound can continue depends on geopolitical developments and whether miner selling pressure intensifies.