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Data: ETH total network contract open interest increased by 8.71% in 24 hours
According to Coinglass data, the total contract open interest for ETH has increased by 8.71% in the past 24 hours, with the current total open interest at $30.566 billion. Among them, Binance has an open interest of $6.975 billion, OKX has an open interest of $1.749 billion, Bybit has an open interest of $2.091 billion, and Gate has an open interest of $3.794 billion.
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From Panic to Pumps: How Bitcoin Traders Are Playing the 2-Week US-Iran Ceasefire
For most people, the two-week US-Iran ceasefire is about geopolitics, oil prices, and whether World War III gets postponed. But for crypto traders glued to their screens late Sunday night, it was something else entirely: the clearest risk-on signal in months.
US-Iran Ceasefire Triggers Oil Plunge, Bitcoin Surge, and Gold Rally
Despite the sharp rally, caution is warranted. The $70,000–$72,000 zone has historically been strong resistance. The ceasefire is only temporary (two weeks), and any breakdown in negotiations could trigger a sell-off toward the $62,000–$65,000 support zone. For now, Bitcoin needs to close decisively above $72,500 to confirm a true breakout; failure to do so within 48–72 hours could lead to a swift retracement.
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From Panic to Pumps: How Bitcoin Traders Are Playing the 2-Week US-Iran Ceasefire
For most people, the two-week US-Iran ceasefire is about geopolitics, oil prices, and whether World War III gets postponed. But for crypto traders glued to their screens late Sunday night, it was something else entirely: the clearest risk-on signal in months.
US-Iran Ceasefire Triggers Oil Plunge, Bitcoin Surge, and Gold Rally
Despite the sharp rally, caution is warranted. The $70,000–$72,000 zone has historically been strong resistance. The ceasefire is only temporary (two weeks), and any breakdown in negotiations could trigger a sell-off toward the $62,000–$65,000 support zone. For now, Bitcoin needs to close decisively above $72,500 to confirm a true breakout; failure to do so within 48–72 hours could lead to a swift retracement.
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