Just caught Bitcoin pushing past $72.8K after Trump announced that two-week ceasefire with Iran. Wild timing honestly. The whole market seemed to take a collective breath – S&P 500 futures up nearly 2%, Nasdaq jumping over 2%. Oil tanked hard too, WTI crude dropping below $95 a barrel once the geopolitical tension eased.

What's interesting is watching how fast the liquidations hit. Nearly $600 million in leveraged positions got wiped out in the cryptocurrency market crash aftermath, mostly from traders who were betting short. That's a classic short squeeze – people covering losses as prices rally, which just pushes momentum higher. You can feel the bullish pressure building.

The ceasefire basically removed this constant overhang that's been sitting on risk assets for weeks. Before this, Bitcoin kept getting pushed down by oil rallies and inflation concerns. Now that Middle East uncertainty is off the table, at least temporarily, traders seem way more comfortable going long again. Curious to see if this momentum holds through the two-week window.