The dissipation of the geopolitical clouds in the Middle East has become the strongest fuel driving the cryptocurrency market's surge!
Around 10:50 PM Taiwan time on April 17, as US President Donald Trump continued to release globally impactful positive news on social media—announcing that the US had assisted in the complete removal of mines from the Strait of Hormuz and taken a tough stance to end Israel's bombing of Lebanon—the risk aversion sentiment in the macro market instantly cooled down, and a large amount of hot money poured into risky assets.
Market continues to rise! Bitcoin approaches $78,000.
Fueled by both positive economic and geopolitical factors, the cryptocurrency market broke through $76,000 at 9 p.m. and the upward trend not only did not stop but expanded further.
According to real-time market data, Bitcoin (BTC) experienced a sharp short-term surge, breaking through the $78,000 mark with unstoppable momentum.
Ethereum breaks through 2450, Machi Big Brother achieve a perfect "precise profit-taking"?
While Bitcoin led the charge, Ethereum (ETH) also performed impressively, breaking through the important psychological barrier of $2,450 in a short period of time.
In a remarkable coincidence and noteworthy, according to earlier on-chain data tracking, Machi Brother (Huang Licheng) , a well-known Taiwanese celebrity hailed by the community for staging an "epic comeback," had a huge long position in ETH on the Hyperliquid platform (with a floating profit of nearly $2 million per coin), and the pre-set profit-taking range was exactly between $2,420 and $2,450.
With Ethereum breaking through $2,450 tonight, it means that Machi Big Brother's huge long position has most likely successfully triggered the profit-taking mechanism and been perfectly cashed out, officially shedding its past label as a "contrarian indicator" and completing an extremely accurate and god-like operation.
The trading platform reminds investors that after a period of continuous sharp rises and the realization of positive news, funding rates in the contract market may fluctuate dramatically. Please be aware of the risk of pullbacks when chasing high prices and strictly control the leverage ratio of your investment positions.
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