Iran Violates Ceasefire Deal—Crypto Investors Dump Risk, Markets Fall
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The crypto market liquidation increased to $500 million after Iran reportedly breached the “ceasefire” announced by US President Donald Trump. An analyst, however, believes that the recent pullback is healthy as it presents a “perfect opportunity to accumulate.” U.S. President Donald Trump recently announced that the 12-day war between Israel and Iran has finally come to an end after both parties agreed to a ceasefire. Officially, Iran will start the CEASEFIRE and, upon the 12th hour, Israel will start the CEASEFIRE and, upon the 24th Hour, an Official END to the 12-Day WAR will be saluted by the World. Confirming this, Iran’s security body, the Supreme National Security Council, stated that Israel has been forced to “unilaterally accept defeat and cease fire.” Meanwhile, the prime minister of Israel, Benjamin Netanyahu, pointed out that the country has achieved its goal after launching an attack on June 13 in a bid to destroy Iran’s nuclear program and missile capabilities. At that time, over $1 billion was liquidated in the crypto market in just 24 hours. According to Coinglass data, $422.97 million in long positions were wiped out in the Bitcoin market, as noted in our earlier post. Crypto Market Reacts to the Ceasefire Reacting to the ceasefire, the cryptocurrency market staged a quick rebound, with Bitcoin (BTC) hitting the $106,000 resistance level from its daily low of $99,000. As highlighted in our recent discussion, Bitcoin’s “short-term holder realized price” (STH RP) was just hovering around $98k. Source: Coinglass Within the same period, Ethereum (ETH) experienced a notable comeback, rising from $ 2,191 to $ 2,446. As indicated in our recent blog post, whales aggressively accumulated the asset before this surprising U-turn. Unfortunately, the moment was short-lived as multiple reports disclosed that Iran had breached the ceasefire declared by the president of the…
Filed under: News - @ June 24, 2025 7:27 pm