Oil Price Cools Off, Crypto Bounces Back
Woke up to an oil price crash.
The historically high oil price, which surged to $110 per barrel just yesterday, experienced a monumental collapse today, plummeting over 30% in a single day, briefly dipping below $84 per barrel, causing a sensation across the internet.
The BlockBeat's editorial team wrote an article yesterday titled "Why does oil rise when Bitcoin falls?," analyzing the relationship between oil and Bitcoin prices. As per the logic we discussed earlier, with this morning's oil price crash and temporary easing of inflation expectations, Bitcoin saw a significant rebound, crossing back above the $70,000 mark.
This once again demonstrates Bitcoin's characteristic as a "liquidity thermometer." Once the signal of inflation, driven by rising oil prices, cools off, market fears of interest rate hikes subside, liquidity expectations recover, and Bitcoin swiftly recovers lost ground.
This back-and-forth movement also reflects the latest tone-setting on the war situation by the Trump administration.
In his speeches last night and this morning, Trump's attitude underwent a subtle but crucial shift. Despite his previous strong demands for Iran's "unconditional surrender," he stated in the latest press conference that the military operations of the U.S.-Israel coalition are "proceeding very smoothly and ahead," hinting that the main military objectives have been "basically completed."
At the same time, Trump also hinted at a ceasefire, stating that this conflict will be resolved "very soon." Although he did not provide a specific ceasefire timetable, this "mission almost accomplished" posture greatly alleviated market fears of a "protracted war" and "total war."
Meanwhile, concerns about the Strait of Hormuz eased significantly this morning. The core logic behind the previous oil price surge was the market's fear of the blockade of this global passage where nearly one-fifth of the world's oil transits. Trump today played several cards on the supply side: announcing plans to directly escort oil tankers with the U.S. Navy, considering exemptions from some energy sanctions to hedge the Middle East gap, and mentioning the mobilization of approximately 100 million barrels of oil from Venezuela into the market.
Simultaneously, the G7 group of finance ministers issued a joint statement, indicating that countries have reached a consensus and are prepared to release emergency strategic oil reserves at any time. With this multi-pronged approach, a large amount of short-term speculative funds began to unwind their positions around the $120 mark.
Is Trump Really Calling for a Ceasefire?
Early risers have read numerous military analyses, with most suggesting that similar to the "famous for being famous" approach at the start of the war, what Trump is currently seeking is a dignified "declaration of victory" and a withdrawal strategy to promptly and gracefully end military operations.
From a military perspective, the U.S. achieved a "significant victory" at the beginning of the war with its targeted "decapitation" strikes against senior Iranian officials and the substantial destruction of the Iranian Air Force and Navy. Therefore, some analysts believe that as long as actual control of the Strait of Hormuz is established, whether through the U.S. military or the intervention of American security firms, it is sufficient to ensure the security of the energy passage.
This "take the win and run" mentality stems from the Trump administration's reluctance to repeat past mistakes. Trump is acutely aware of the complexity of the Middle East situation and is concerned that a long-term presence of ground forces would lead to endless guerrilla warfare and civilian resistance, ultimately evolving into a protracted and costly conflict akin to the Iraq War.
Driving Trump's desire to de-escalate quickly is not just a military assessment but also a more practical "pain point" from an economic perspective: oil prices and inflation.
The chain reaction caused by surging oil prices has put considerable pressure on the U.S. domestic economy. With crude oil prices briefly surpassing $119 per barrel, domestic trucking costs in the U.S. have significantly risen. This increase in logistics costs directly translates to higher end-consumer prices, leading to a comprehensive rise in prices. Trump is acutely aware that if oil prices are not quickly stabilized, uncontrolled inflation would directly threaten his political reputation, and he could even be attacked by opponents for his inability to govern effectively. Therefore, by releasing the expectation that "the war will end soon" to combat speculative trading in the financial markets and induce a sharp drop in oil prices back below $90, he sees this as a key means to alleviate domestic economic contradictions.
Furthermore, this analysis suggests that the U.S. domestic security situation and the midterm election agenda are also influencing factors. The U.S. has already seen signs of a suspected "Sleeping Cell" terrorist threat domestically, with arrests of immigrants manufacturing bombs in places like New York. This domestic security turmoil triggered by the war is a driving force for Trump to urgently "settle" things.
Simultaneously, Trump is actively pushing for the passage of the "Save America Act," seeking to pave the way for the midterm elections through measures such as standardizing citizen identity voting. For Trump, he is more willing to focus his energy on elections and domestic governance rather than linger long-term on a battlefield that could erupt into terrorism at any moment and is draining resources daily. Therefore, he needs to find a balance and withdraw troops as quickly as possible in the next one to two weeks.
Therefore, the framework we discussed in our previous article now has a new variable: the duration of the war may be shorter than the most pessimistic expectations.
If Trump does find that "declare victory" moment soon, the geopolitical risk premium on oil prices will quickly diminish, the inflation narrative will cool down, and the Fed's interest rate cut trajectory will reopen. At that point, what Raoul Pal talked about regarding liquidity expansion logic will no longer be just a medium-term expectation but may arrive faster than most people anticipate.
Today's Bitcoin rebound may just be a preview.
You may also like

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

2% user contribution, 90% trading volume: The real picture of Polymarket

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers

Iran War Stalemate: What Signal Should the Market Follow?

Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?

Insider Trading Alert! Will Trump Call a Truce by End of April?

After establishing itself as the top tokenized stock, does Ondo have any new highlights?

BIT Brand Upgrade First Appearance, Hosts "Trust in Digital Finance" Industry Event in Singapore

OpenClaw Founder Interview: Why the US Should Learn from China on AI Implementation
WEEX AI Wars II: Enlist as an AI Agent Arsenal and Lead the Battle
Where the thunder of legions falls into a hallowed hush, the true kings of arena are crowned in gold and etched into eternity. Season 1 of WEEX AI Wars has ended, leaving a battlefield of glory. Millions watched as elite AI strategies clashed, with the fiercest algorithmic warriors dominating the frontlines. The echoes of victory still reverberate. Now, the call to arms sounds once more!
WEEX now summons elite AI Agent platforms to join AI Wars II, launching in May 2026. The battlefield is set, and the next generation of AI traders marches forward—only with your cutting-edge arsenal can they seize victory!
Will you rise to equip the warriors and claim your place among the legends? Can your AI Agent technology dominate the battlefield? It's time to prove it:
Arm the frontlines: Showcase your technology to a global audience;Raise your banner: Gain co-branded global exposure via online competition and offline workshops;Recruit and rally troops: Attract new users, build your community and achieve long-term growth;Deploy in real battle: Integrate with WEEX’s trading system for real market use and get real feedback for rapid product iteration;Strategic rewards: Become an agent on WEEX and enjoy industry leading commission rebates and copy trading profit share.Join WEEX AI Wars II now to sound the charge!
Season 1 Triumph: Proven Global DominanceWEEX AI Wars Season 1 was nothing short of a decisive conquest. Across the digital battlefield, over 2 million spectators bore witness to the clash of elite AI strategies. Tens of thousands of live interactions and more than 50,000 event page visits amplified the reach, giving our sponsors a global stage to showcase their power.
Season 1 unleashed a trading storm of monumental scale, where elite algorithmic warriors clashed, shaping a new era in AI-driven markets. $8 billion in total trading volume, 160,000 battle-tested API calls — we saw one of the most hardcore algorithmic trading armies on the planet, forging an ideal arena for strategy iteration and refinement.
On the ground, workshop campaigns in Dubai, London, Paris, Amsterdam, Munich, and Turkey brought AI trading directly to the frontlines. Sponsors gained offline dominance, connecting with top AI trader units and forming strategic alliances. Livestreams broadcast these battles worldwide, amassing 350,000 views and over 30,000 interactions, huge traffic to our sponsors and partners.
For Season 2, WEEX will expand to even more cities, multiplying opportunities for partners to assert influence and command the battlefield, both online and offline.
Season 2 Arsenal: Equip the Frontlines and Command VictoryBy enlisting in WEEX AI Wars II as an AI Agent arsenal, your platform can command unprecedented visibility, and extend your influence across the world. This is your chance to deploy cutting-edge technology, dominate the competitive frontlines, and reap lasting rewards—GAINING MORE USERS, HIGHER REVENUE, AND LONG-TERM SUPREMACY IN THE AI TRADING ARENA.
Reach WEEX’s 8 million userbase and global crypto community. Unleash your potential on a global stage! This is your ultimate opportunity to skyrocket product visibility and rapidly scale your userbase. Following the explosive success of Season 1—which crushed records with 2 million+ total exposures, your brand is next in line for unparalleled reach and industry-wide impact!Test and showcase your AI Agent in real markets. Throw your AI Agents into the ultimate arena! Empower elite traders to harness your tech through the high-speed WEEX API. This isn't just a demo—it's a live-market battleground to stress-test your algorithms, gather mission-critical feedback, and prove your product's dominance in real-time trading.Gain extensive co-branded exposure and traffic support. Command the spotlight! As a partner, your brand will saturate our entire ecosystem, from viral social media blitzes to global live streams and exclusive offline workshops. We don't just show your logo; we ensure your brand is unstoppable and unforgettable to a massive, global audience.Enjoy industry leading rebates. Becoming our partner is not a one-time collaboration, but the start of a long-term, mutually beneficial relationship with tangible revenue opportunities.Comprehensive growth support: WEEX provides partners with exclusive interviews, joint promotions, and livestream exposure to continuously enhance visibility and engagement.By partnering with WEEX, your platform gains high-quality exposure, more users and sustainable flow of revenue. The Hackathon is more than a competition. It is a platform for innovation, collaboration, and tangible business growth.
Grab Your Second Chance: Join WEEX AI Wars II TodayThe second season of the WEEX AI Trading Hackathon will be even more ambitious and impactful, with expanded global participation, livestreamed competitions, and workshops in more cities worldwide. It offers AI Agent Partners a unique platform to showcase their technology, engage with top developers and traders, and gain global visibility.
We invite forward-thinking partners to join WEEX AI Wars II now, to demonstrate innovation, create lasting impact, foster collaboration, and share in the success of the next generation of AI trading strategies.
About WEEXFounded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.
Follow WEEX on social mediaX: @WEEX_Official
Instagram: @WEEX Exchange
Tiktok: @weex_global
Youtube: @WEEX_Official
Discord: WEEX Community
Telegram: WeexGlobal Group

Nasdaq Enters Correction Territory | Rewire News Morning Brief

OpenAI loses to Thousnad-Question, unable to grow a checkout counter in the chatbox

One-Year Valuation Surged 140%, Who Is Signing the Check for Defense AI?

