BTC Soars Past $108,000 Amid Middle East Ceasefire; Geopolitical Focus Shifts

Middle East Ceasefire Lifts Bitcoin; Short Positions Punctured

Bitcoin (BTC) advanced sharply on Tuesday in New York trading, surpassing $108,000, capitalizing on a widespread relief rally triggered by the apparent cessation of hostilities in the Middle East.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching an intraday peak of $108,182 via Bitstamp, representing over a 2% daily gain.

Traders attributed a significant portion of the price surge, or “liquidity grab,” to the liquidation of bearish positions accumulated during a previous consolidation phase.

Shorts Under Pressure; Bullish Signals Emergent

The rapid price appreciation followed lows seen just three days prior, bringing the BTC price up approximately $10,000.

Market analysis pointed towards the exhaustion of weaker short positions as a driving force behind the upside momentum.

“High leverage liquidity is being taken,” noted CoinGlass.

Bulls Eager for All-Time High Reclaim

Following the substantial price recovery, market participants are setting their sights on reclaiming Bitcoin’s all-time high.

— Matthew Hyland (@MatthewHyland_) June 25, 2025 (via X)

“If we start showing signs of LTF exhaustion [long-term level exhaustion], this is an area BTC could have a LTF rejection,” @Killa suggested.

@TitanofCrypto reported a breakout from the Ichimoku Kumo Cloud, predicting: “If it clears the Fair Value Gap (FVG), the next stop could be $111K.”

Geopolitical Scene Shifts Focus Back to Europe

With Middle East tensions calming, market attention returned to Europe amidst warnings surrounding the Russia-Ukraine conflict and an ongoing NATO summit.

Risk assets, including the S&P 500 and Nasdaq Composite Index, saw modest gains of roughly 0.2% and 0.5%, respectively, benefiting slightly from the Middle East ceasefire.

QCP Capital Warns of Lingering Macro Uncertainty

Despite the short-term risk-off sentiment appearing less pronounced, trading firm QCP Capital cautioned that macro risks are still present.

Particularly concerned is the potential for conflict involving Russia, highlighted by warnings from European defence officials. QCP stated:

“Concerns around a potential NATO-Russia flashpoint are building, as European defence officials warn of the risk of armed conflict within five years.”

Consequently, QCP anticipates that markets will face conflicting signals regarding long-term stability and noted:

“In this environment, the traditional risk premium is shifting from a hedge to a baseline assumption [historical data not shown, reference removed]. With macro, military and monetary crosscurrents colliding, the market’s ability to discount geopolitical volatility is being tested like never before.”