1.Trump Cancels Iran StrikesPresident Trump canceled planned military strikes on Iran after high-level discussions, easing geopolitical tensions and reducing safe-haven demand for the US dollar. 

2.Gold Rallies to $4,150International spot gold prices surged 1.95% to $4,150 per ounce as investors rushed to safe-haven assets despite the cancellation of planned airstrikes on Iran.

3.Oil Crashes Over 5%Crude oil markets plunged more than 5%, with WTI falling to $87.64 per barrel, as the de-escalation of military tensions reduced the risk premium embedded in oil prices.

4.JPMorgan: Crypto Hedge Demand FadingJPMorgan analysts report that demand for Bitcoin and gold as inflation hedges is weakening, with Bitcoin ETFs seeing net outflows for four consecutive weeks.📊

Market Shifts

1.US Dollar Drops SignificantlyThe US dollar fell by the most in over a month as Trump signaled progress on an Iran deal, causing traders to unwind safe-haven positions and reassess risk.

2.Bitcoin Recovers Above $63KBitcoin recovered nearly $900 from its evening low to trade above $63,300 following the de-escalation of geopolitical tensions and the cancellation of Iran strikes.

$BTC 🐋 Whale Movements

2,264 BTC ($143.1M) transferred from Coinbase Institutional to unknown new wallet, indicating significant institutional movement

236.2M USDT ($235.9M) transferred from unknown wallet to Bitfinex, suggesting large stablecoin liquidity shift

1,364 BTC ($86.7M) moved from Coinbase Institutional to unknown new wallet, continuing trend of institutional outflows