I just noticed something quite interesting about how the crypto market moves when the traditional markets are closed. So when geopolitical tensions between the US, Israel, and Iran escalate, traders rush to crypto platforms to seek protection 24/7. The unique thing is that Bitcoin actually becomes the most liquid asset during times like this.
At that time, Bitcoin's price briefly dropped 3.8% to $63,038, then stabilized around $64,000, while ETH fell 4.5% to $1,836. But what's more exciting is the movement in Hyperliquid—oil contracts rose about 6.2% to $70.6 per barrel, gold surged over 5% to $5,464 per ounce, and silver even broke 8% to $97.5. The 24-hour trading volume of silver already exceeded $400 million, while gold touched $140 million. The US stock index markets on the platform dropped 1-2%, indicating a clear risk-off sentiment.
The total market cap of digital assets lost around $128 billion after the conflict erupted. But here, the most important insight comes from Jake Ostrovskis, Head of OTC at Wintermute, who said that because Bitcoin is traded 24/7, it becomes the most liquid asset for traders delivering macro views when other markets are closed. This is very different from altcoins or even Dogecoin, whose movements are more dependent on regular market sentiment.
Charlie Ambrose from Felix added that this has become a pattern—discovering 24/7 pricing through futures contracts on platforms like Hyperliquid could drive fundamental changes in how the global market operates. More asset classes are starting to move toward a 24/7 trading model. So when Bitcoin rises, why do other altcoins lag behind? Because they still depend on traditional trading hours and have more limited liquidity compared to Bitcoin, which is truly global.
This situation makes me think, in today’s era, if you’re not trading crypto 24/7, you’re missing out on big opportunities. Gate has great tools to track all these movements in real-time, worth checking out if you're interested in macro trading.
At that time, Bitcoin's price briefly dropped 3.8% to $63,038, then stabilized around $64,000, while ETH fell 4.5% to $1,836. But what's more exciting is the movement in Hyperliquid—oil contracts rose about 6.2% to $70.6 per barrel, gold surged over 5% to $5,464 per ounce, and silver even broke 8% to $97.5. The 24-hour trading volume of silver already exceeded $400 million, while gold touched $140 million. The US stock index markets on the platform dropped 1-2%, indicating a clear risk-off sentiment.
The total market cap of digital assets lost around $128 billion after the conflict erupted. But here, the most important insight comes from Jake Ostrovskis, Head of OTC at Wintermute, who said that because Bitcoin is traded 24/7, it becomes the most liquid asset for traders delivering macro views when other markets are closed. This is very different from altcoins or even Dogecoin, whose movements are more dependent on regular market sentiment.
Charlie Ambrose from Felix added that this has become a pattern—discovering 24/7 pricing through futures contracts on platforms like Hyperliquid could drive fundamental changes in how the global market operates. More asset classes are starting to move toward a 24/7 trading model. So when Bitcoin rises, why do other altcoins lag behind? Because they still depend on traditional trading hours and have more limited liquidity compared to Bitcoin, which is truly global.
This situation makes me think, in today’s era, if you’re not trading crypto 24/7, you’re missing out on big opportunities. Gate has great tools to track all these movements in real-time, worth checking out if you're interested in macro trading.