BREAKING: 🇺🇸 The US has launched its 10th consecutive night of airstrikes on Iran, marking one of the longest sustained US bombing campaigns in the region in years.
According to reports, explosions were heard across Bandar Abbas, Qeshm Island, Chabahar, Konarak and Sirik.
Since early May, CENTCOM says it has facilitated the safe transit of approximately 900 commercial vessels carrying 450 million barrels of crude oil.
The IRGC says it retaliated by firing ground-to-ground missiles at "US HIMARS missile systems" stationed at Camp Arifjan in Kuwait.
$BTC is holding above the $66,000 level.
US stock futures are up, while DXY is slightly down.
Pre-market stock trading insights:
▫️Nasdaq futures is up 1.23% 🟠
▫️S&P futures is up 0.41% 🟠
Damn… $BTC just surged back above $66,900, triggering $217M in liquidations within hours.
Over the past 24 hours, total crypto liquidations have reached $426M.
Current leverage:
- $1.52B in shorts
- $10.19B in longs
That’s 6.7× more longs than shorts, with liquidation risk extending all the way down to $57,000.
A wallet holding $3.7 million worth of ETH has just been activated after 11 years.
This guy bought these $ETH when each one was worth only $0.31
He survived every major crash and never sold.
A 6,100x return in over a decade.
🚨 TARIFFS ARE COMING BACK AGAIN
And this could be a disaster for the markets.
Today, it was reported that President Trump is preparing a new round of tariffs on several countries this week.
For some countries it'll be at 10%, while for others, it could be much higher.
But why is this bad?
1) April crash
No one can forget the April tariffs crash.
$10 Trillion was wiped out from the US stock market in a week.
Bitcoin dropped almost 30% in a few months, while ETH dropped to $1,400.
Almost every global stock index dropped 15%-20% in a few days, and it was an absolute bloodbath.
Now, the market is more prepared this time, but even a fraction of that impact will be massive.
2) Inflation
Tariffs mean businesses will raise costs, and it'll be passed down to consumers.
This will result in high inflation, which is already a major concern due to rising oil prices.
High inflation means a hawkish Fed, and the market can't afford it.
3) More uncertainty
During April 2025, tariffs pushed the global uncertainty to its highest level in 30+ years.
With a US-Iran war, yen crisis, bond crisis, credit market crisis, and AI bubble already present, tariffs could even push the global economy into a recession similar to 2008.
I know all this doesn't sound good, but if tariffs really hit the market at a big scale, be prepared for some real downside volatility.
BITCOIN IS LAGGING BEHIND THE M2 CHART.
IT ALWAYS FOLLOWS M2.
ALWAYS.
THIS TIME IT’S JUST DELAYED.
THE PRESSURE IS BUILDING.
THE NEXT MOVE WILL BE VIOLENT.
MARK MY WORDS.
Why is everything pumping today?
Over $1 Trillion has been added to the stock, metal, and crypto markets.
Key reasons:
1. The White House has reportedly agreed on ethics rules for the Crypto Clarity Act.
2. Hopes for US-Iran negotiations.
3. Oil prices are falling, which is good for markets.
4. Big companies are bouncing back ahead of earnings, with investors betting on strong results this week.
$BTC has reclaimed the $65,000 level.
The next key resistance is $67,500-$68,000, which means Bitcoin has some room to pump.
If BTC manages to reclaim the $68,000 resistance too, it could rally another 5%-6% very quickly.
WALL STREET IS BUYING BITCOIN AGAIN
Bitcoin ETFs bought $226 million worth of $BTC yesterday.
Total inflows have now reached $725 million over the last 5 trading days.