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This was the most insane single day in global macro in a generation and most crypto traders missed half of it..
> Iran agreed to suspend its entire nuclear program — indefinitely..
> Iran agreed to never close the Strait of Hormuz again..
> zero dollars changed hands.. no frozen funds.. no pallets of cash..
> the US naval blockade on Iran stays up until the final deal is signed..
> Trump publicly ordered Israel to stop bombing Lebanon — used the word PROHIBITED in all caps..
> Netanyahu went on live TV and admitted he was acting on a US request..
> Defense Minister Katz got overruled within hours after saying Lebanon ops "have not yet been completed"..
> a 10-day Israel-Lebanon ceasefire took effect overnight.. displaced Lebanese civilians started walking back to their villages..
> oil dropped 12% in minutes.. global equities surged..
> Iran's Foreign Minister declared the Strait of Hormuz "completely open" — first time since March 27..
Crypto reaction:
> BTC wicked to 71k then dumped 4% on the oil news..
> ETH gas spiked as risk-on flows hit alts..
> Oil down = inflation fears ease = liquidity rotates back to risk..
all of this.. one Friday..
BTCUSDT
Perp
71,240
-1.84%
ETHUSDT
Perp
3,812
+2.31%
$OIL
WTI
62.18
-12.07%
#Macro #Geopolitics #Oil #Crypto #Bitcoin #RiskOn #MiddleEast
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Want me to swap the tickers for mid-caps that actually moved, or add a “what this means for next week” section?$BTC
