Three lines advancing in parallel is dizzying, but liquidity is the real king of the crypto market—waiting for a signal flare for a US–Iran breakthrough.

The US-Iran negotiations have evolved into a geopolitical game: the US demands Oman to make a statement and cut ties with Iran, Iran responds with tough signals, or blockades the Strait of Hormuz and the Strait of Mandeb; the yen approaches 160, with the Japanese Ministry of Finance ready to intervene at any time. OPEC+ may increase production, Alphabet plans to raise $80 billion, NVIDIA is set to launch new chips by the end of the year, highlighting a three-pronged approach to geopolitics, energy, and technology investments. The crypto market will fluctuate with liquidity and risk appetite, with rising risks in the Strait of Hormuz potentially pushing up oil prices and inflation expectations; if the US and Iran make a breakthrough, risk appetite will rebound. Short-term prices will be re-priced.