5 hours, Trump TACOed again

Ladies, did you enjoy the rollercoaster in the crypto world last night?

Here's what happened.

On the evening of June 11th, Beijing time, Trump made a fierce statement on Truth Social: "Implement a heavy strike on Iran tonight."

He also said he would occupy Hark Island soon, fully controlling Iran's oil and natural gas markets.

After the tough words, oil prices surged. Brothers holding long contracts already started calculating how much they could make tonight.

Then, after 5 hours,

Trump posted again: Cancel the strike because "consultations with Iran have been submitted to the highest leadership and approved."

In just five hours, from "heavy strike" to "cancellation," the flip was faster than flipping a book.

Americans gave him a new term: TACO — Trump Always Chickens Out.

This is the 38th time since this round of conflict that Trump has verbally announced "an agreement is imminent."

The 38th time.

Not the 3rd, but the 38th.

But even more astonishing — Wall Street actually believed him again.

Once the news broke, the three major US stock indices rose together, with the Dow soaring 929 points.

Oil prices plummeted, US bond yields fell, the dollar index declined, gold rebounded.

Risk assets all surged, and cryptocurrencies also followed with a quick rebound.

Trump's routine, Wall Street has already experienced 38 times.

Why do they still believe him every time?

Because he is the President of the United States.

And the market is betting not on whether he keeps his word, but on whether he dares to really strike.

The essence of TACO is, "I know you're acting, but what if it's real?"

Whales on the chain react even faster than Wall Street.

Within minutes of the news, multiple addresses on the chain were monitoring increased ETH and BTC long positions.

Not tens of thousands, but millions of dollars.

These whales are betting that the TACO effect will trigger a short-term rebound in risk assets.

Sure enough, Bitcoin was pulled from around 60,600 $BTC to 61,900.