Daily Market Update: Bitcoin, Ethereum and Stock Futures Rise After US-Iran Ceasefire

TLDR

• Bitcoin rose above $72,000 after news of a two-week US-Iran ceasefire.
• Crypto liquidations reached about $595 million in 24 hours, led by short positions.
• Bitcoin, ether and oil shorts were hit hardest as prices moved fast after the announcement.
• US stock futures also climbed, with Nasdaq 100, S&P 500 and Dow futures moving higher.
• Oil prices fell sharply as traders cut war-risk pricing after the ceasefire update.

Bitcoin climbed to about $72,700 after news of a two-week ceasefire involving the US-Iran conflict. The move reversed days of bearish trading in crypto markets.

The rally triggered about $595 million in crypto liquidations across 118,489 traders. Short positions made up about $427 million of that total.

Bitcoin led the liquidations with about $245 million. Ether followed with about $126 million as prices moved higher after the ceasefire news.

Oil-linked trades were also hit. Tokenized Brent oil futures on Hyperliquid saw about $33 million in liquidations, while WTI crude contracts added about $42 million.

The biggest single liquidation was an $11.79 million bitcoin short on Binance. The sharp move showed how heavily traders were positioned for further downside.

Crypto Shorts Reverse as Prices Rise

Much of the damage happened in a 12-hour period. Of the $595 million total, about $508 million was wiped out in that window alone.

Short sellers took about $398 million of those losses. The move marked one of the strongest short squeezes in recent weeks.

Bitcoin had traded in a $65,000 to $73,000 range during the conflict period. The latest jump pushed it back to the top of that range.

Other crypto assets were also caught in the move. Solana saw $19.6 million in liquidations, while ZEC recorded $13.4 million.

Sentiment had been very weak before the reversal. The Fear and Greed Index fell to 8 on Sunday, while Santiment data showed bearish social posts outnumbering bullish ones.

Trump described the pause as a “double sided ceasefire.” Iran said it would suspend operations if attacks stopped, while also setting conditions around passage through the Strait of Hormuz.

Stock Futures Rise as Oil Falls

US stock futures also moved higher after the announcement. Nasdaq 100 futures rose 3.2%, S&P 500 futures gained 2.5%, and Dow futures climbed about 2.3%.

The stock move followed late-session buying after Trump’s Truth Social post. Markets reacted to lower immediate fears around supply disruption and further conflict.

Oil prices dropped sharply as traders removed some of the war premium. Brent crude fell as much as 14.1% in after-hours trading, while WTI crude dropped about 15.2%.

One report said Brent traded near $91 and WTI just above $94. Another market update put Brent near $99 and WTI near $95 as prices adjusted.

The ceasefire was described as lasting two weeks. For now, the latest factual marker is that bitcoin moved above $72,000, oil fell hard, and US stock futures jumped after the announcement.

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