April 12 Market Analysis and Strategy Recommendations.

I. Match Trigger: Breakdown of US-Iran Talks Sparks a Sudden Market Crash
On April 12, the cryptocurrency market saw a “Black Saturday” triggered by geopolitical tensions. After 21 hours of intensive consultations, the US-Iran ceasefire extension talks in Islamabad ultimately fell apart, and the two delegations left the venue one after another. At a press conference, the US Vice President Wan Si clearly said that “the US has not reached consensus with Iran and will return to the United States,” while Iran accused “the US’s greed and ambition” of preventing the agreement from being reached, and stated that there are fundamental disagreements between the two sides on two or three key issues.
Stoked by this news, Bitcoin’s price plunged straight down, at one point falling to $71,300, with a daily drop of over 2%. Ethereum also slid in parallel to around $2,200; SOL and Dogecoin fell by nearly 3%, while XRP dropped by nearly 2%.
According to CoinGlass data, over the past 24 hours, a total of 106,360 people were liquidated worldwide, with the total liquidation amount reaching $306 million, including $166 million in long positions and $140 million in short positions. From weekly data, Bitcoin this week once surged to a high of $73,000, and market sentiment was relatively optimistic, but the news of the negotiation breakdown quickly shattered the bulls’ fantasies.#Gate广场四月发帖挑战