This guy was very interesting.
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This guy was very interesting.Where's the fuckin power box, Carol?Comment -
Huge day today. It'll be interesting to watch the price during this Iran war.Comment -
I had nice timing with a reasonable size buy at 64K before the bounce. Had sold all I had in the mid 90s.
I need another dip in the next month or so to load up on some more.
Article talking about what might be behind the bounce;
Bitcoin rebounds towards $73K, and here’s what underlies the rally.
Bitcoin’s resurgence this week has been rapid.
The world’s largest digital currency has since rocketed back toward $73,000 after dropping to about $63,000 after the weekend U.S.–Israel strikes on Iran. That level is its strongest in almost a month.
At first glance, the move appears to be a straightforward risk bounce. But several factors are converging on the rally, and they extend beyond simply traders buying the dip.
ETF money is flowing back in
The most pressing impetus is institutional interest.
Fund flow data shows that U.S. spot Bitcoin ETFs collected over $680 million in the last two days. That’s among the biggest inflow spikes since January and implies that bigger investors took advantage of the geopolitical selloff to buy in.
These ETFs have emerged as the primary artery linking Wall Street capital with Bitcoin since their launch. Price tends to follow flows when they are accelerating.
This week is another illustration of that dynamic.
Markets are wagering the war won’t snowball
Bitcoin’s weekend fall came at a time when markets feared a broader regional war following the strikes against Iran.
Those worries have not gone away, but traders are more recently starting to price in a limited conflict.
Global equities have rebounded from an initial shock, and oil has stabilized around $75 a barrel. That change in risk sentiment is giving crypto space to move higher once again.
Bitcoin has historically sold off during sudden geopolitical shocks only to rebound as markets reassess.
Crypto policy momentum in Washington
Politics, too, is encroaching on the narrative.
In the United States, the Senate is gearing up to vote on President Donald Trump’s nominee for the Federal Reserve, a candidate believed to be favorable towards Bitcoin and digital assets.
Separately, Trump this week rendered a public endorsement of the crypto industry’s fight against banks over yield-bearing stablecoins.
For markets, the bottom line is clear: Washington may be headed in a more crypto-friendly direction.
Liquidity expectations are shifting again
One other less-talked-about factor is the macro backdrop.
Fresh economic data on U.S. inflation showed it cooling somewhat in the services sector. That has rekindled chatter that the Federal Reserve will eventually shift back toward easing later in the year.
Bitcoin reacts violently to changes in liquidity expectations historically. When traders think the Fed might ease policy eventually, risk assets like crypto in particular often catch a bid.
Traders had already adjusted for a rebound
Finally, positioning mattered.
The decline in bitcoin to $63,000 led to heavy liquidation in derivative markets based on leverage. After that selling pressure lifted, traders were left with a thinner order book and space for prices to snap quickly back.
Open interest has been building back up since then, implying traders are once again leaning long.
The bigger picture
Add it all up and the rally becomes less of a mystery.
ETF inflows and improving risk sentiment, along with policy momentum in Washington and shifting liquidity expectations, all converged at once.
That mix has sent Bitcoin back toward $73,000, and reminded markets that in crypto, the bounce can arrive just as quickly as the drop.
If the Middle East conflict escalates, what happens to Bitcoin?- It rallies like gold
- It trades like a risk asset
- It becomes a capital escape
- Hard to predict
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I'm late to the party but so far hard to predict and it'll probable stay that way.Originally posted by OptionalComment -
Trump on fire!
Dinner for top TRUMP holders
Organizers said invitations will be issued to 297 holders of the coin, selected based on the time-weighted average balance of their holdings between March 12 and April 10. Participants will also be required to undergo a standard background check.
From that group, 29 of the largest holders will gain access to a separate private reception with Trump. The project’s website lists the U.S. president as the main speaker at the event. However, a White House representative noted that the meeting does not appear on Trump’s official schedule and is set to take place on the same day as the annual White House Correspondents’ Dinner.
This will be the second such event for TRUMP holders. The first meeting took place last May at Trump’s golf club. Among the largest participants at that time was Tron founder Justin Sun, who received commemorative watches during the ceremony. Infinex founder Kain Warwick was also among the investors who accumulated enough tokens to attend.
Following the announcement, the market reacted with a price increase. TRUMP jumped to about $3.23, recovering from a drop to around $2.7 just hours earlier. Even so, the asset remains roughly 95% below its all-time high, recorded in January 2025
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