Trading Moment: Crude Oil, US Dollar, and US Treasury Yields Rise Amid War, Bitcoin Holds Steady Above $70,000 Against Macro Headwinds
Amid escalating US-Iran tensions, Brent crude oil surged past $100 per barrel, driving concerns over supply disruptions and inflationary pressures. This triggered a rise in the US dollar and Treasury yields, while US stock indices fell over 1.5%. The conflict has led to significant oil supply disruptions, with warnings that prices could exceed historical highs if the situation worsens. The Fed's rate cut expectations diminished, with traders pricing in less than one 25-basis-point cut for 2026.
Despite macro headwinds, Bitcoin held above $70,000 for four consecutive days, consolidating within a $62,000–$72,000 range. Options data showed $1.8 billion in BTC options expiring, with a max pain point at $69,000. Technical indicators suggest support near short-term cost bases, though long-term holder selling pressure exists around $78,880. Market sentiment is mixed: bears warn of a potential drop below $60,000, while bulls highlight strong institutional buying and technical buy signals.
Key data showed continued inflows into Bitcoin and Ethereum ETFs, while fear and greed index indicated extreme fear. Notable market events include a $50 million DeFi slippage incident on Aave and several upcoming token unlocks. Top gainers included Pi Network (up 29.7%) and AI-related tokens.
marsbit03/13 07:47