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#GateSpotDerivativesBothTop3 4:45 PM
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04/02/2026 10:37
#GateSquareNisanGönderiYarışması Celebrations are starting!
Earn money by sharing, receive red envelopes every day, and have a 100% chance to win for newcomers!
Highlights of the Benefits:
New Member Gift: Leave your first message at the square, guaranteed 100% red envelope!
Sharing Reward: The more you share, the more engagement you get, and your red envelope grows!
Sharing King: Share the event link on the square or external platforms and win a Gate bottle opening + 200U!
Climb the leaderboard: The top 100 winners receive a prize
Prizes include Gate's 13th Anniversary Limited Edition Gift Box, Red Bull jackets, and more!
Take action now and post your first square message in April!
https://www.gate.com/post
Deadline: April 15
Details: https://www.gate.com/announcements
1. Timeline of Events
• April 8: Announced a two-week temporary ceasefire, BTC surges past 72.7k
• April 9: Israel airstrikes Lebanon; US denies "Lebanon included in ceasefire," Iran says the agreement foundation is damaged
• April 11–12: 21-hour negotiations in Islamabad, completely broken down, no consensus
• April 12: Both sides withdraw troops, threaten to restart military operations
2. Three Major Core Disagreements (Main Reasons for Breakdown)
• Ceasefire Scope: Iran insists including Lebanon/Hezbollah; US and Israel explicitly exclude
• Nuclear Issue: US demands zero enrichment + denuclearization; Iran insists on sovereign peaceful uranium enrichment
• Strait of Hormuz: US demands full openness; Iran wants control + transit fees
• Sanctions: Iran demands full lifting; US only willing to relax partially
3. Key Triggers
• Israel airstrikes Lebanon (thousands dead and injured), Iran views as a breach of contract
• Trump repeatedly changes stance: initially says Iran's 10 points are feasible, later calls it a "scam"
• US shifts blame to AI-generated agreement text, credibility collapses
II. Impact Pathways on the Cryptocurrency Market (BTC/ETH)
1. Short-term developments: Rollercoaster market
• April 8 ceasefire: BTC at 72.7k, ETH at 2,273, $430 million liquidated
• April 9: Rapid pullback, gains wiped out
• April 12: Talks collapse: bearish oscillation, risk aversion rises
2. Three Transmission Mechanisms
• Risk appetite
◦ Easing tensions → risk assets rise (cryptos, stocks)
◦ Escalation → funds flee to USD, gold, bonds, crypto under pressure
• Oil prices → Inflation → Federal Reserve
◦ Tension → oil prices rise → inflation picks up → rate hike delays → crypto bearish
◦ Ceasefire → oil prices fall → inflation cools → rate hike earlier → crypto bullish
• Safe-haven flows + capital movement
◦ Middle East instability → some funds allocate to BTC as a hedge; but leveraged contracts more prone to sharp drops
3. Market Conclusions (April 12)
• Short-term bearish: talks broken, risk of renewed conflict
• Range-bound oscillation: BTC 69,000–73,000; ETH 2,150–2,300
• Volatility rising: news can trigger sharp moves, liquidations