This wave of hype is quite interesting. Last time, a media outlet reported that Iran was about to cease fire and actively seek peace with the U.S., only to find out it was outdated news. Yesterday, there was another report that Iran and the U.S. were preparing for a 45-day ceasefire, but both sides immediately denied it. The White House didn't even submit it for Trump's approval. Both times, the price increase was driven by information. Last time, it fell just before reaching $70,000, and this time, it was more robust, touching the $70,000 mark briefly.

Based on current Bitcoin data, the turnover rate on Monday surged significantly, but short-term investors still dominate. Currently, high-net-worth and long-term investors are clearly less interested in short-term price movements or geopolitical conflicts, and there are even signs of increased holdings. The chip structure is also very healthy, but due to liquidity being quite poor, short-term investors remain the main drivers of price changes. #BTC #ETH