Solana bottomed at $62 on June 6.Solana bottomed at $62 on June 6. It's trading near $70 today. That entire move traces almost perfectly to one event, the US-Iran war de-escalation and the reopening of the Strait of Hormuz. The chart tells the story cleanly. $SOL had been bleeding since late May, sliding from $85 on May 25 as geopolitical risk built steadily into the market. The June 10 US airstrikes on Iran and Iran's declaration that the Strait was closed marked the low point in sentiment, and price reflected that almost immediately. Then peace headlines started building, and SOL began recovering before the deal was even confirmed. By June 13, SOL closed at $67.98. After Trump confirmed the deal on June 14, authorizing the toll-free reopening of the Strait and removing the naval blockade simultaneously, SOL moved to around $70.49, roughly 3.7% from the prior close and approximately 13% off the war low. What the price behavior confirms is how $SOL traded through this entire period, as a high-beta risk asset responding to geopolitical sentiment rather than anything specific to Solana's fundamentals. On the de-escalation leg, ETH gained 4%, Cardano climbed 6.6%, and Solana surged 6.8%, all outpacing Bitcoin's roughly 3% move which tracked more closely with equities. That divergence between altcoins and BTC during the relief rally is classic risk-on rotation behavior, capital moving out toward higher beta once the macro fear clears. The geopolitical premium coming out of oil simultaneously reinforced the move. Crude fell as Hormuz supply risk eased, freeing up broader risk appetite across markets. The key caveat is that the June 14 data is an intraday snapshot, levels are still moving as the deal signing plays out. Whether this relief rally has follow-through or fades once the initial reaction settles will depend on whether broader ETF flows and macro conditions start cooperating alongside the geopolitical clearing. #BTC Price Analysis# #Solana #Meme Alpha#