In the past hour, total liquidations across the network reached $10.24 million, with $2.92 million from long positions, with $7.31 million from short positions. BTC liquidation $985,959.69, ETH liquidation $427,164.55.

According to Huoxun Finance, macro investor Jordi Visser stated that Bitcoin and Ethereum are not far from key price levels that could signal a trend reversal this year, despite a growing consensus within the crypto industry that the market has entered a bear market cycle. He pointed out that if Bitcoin breaks through $76,000 and Ethereum breaks through $2,400, it will mark the beginning of a sustainable upward trend this year, based on his assessment that a recession is unlikely. Visser also mentioned that inflation will remain high, and people need to find profitable assets in an environment where the S&P 500 is stagnant. The prediction market Kalshi currently prices a 24% probability of a recession in 2026, a 10 percentage point decrease from the past 30 days. Visser's view contrasts with the growing pessimism in the industry: some expect Bitcoin to fall below the year's low of $60,000 reached on February 6th; veteran trader Peter Brandt stated on March 31st that Bitcoin may retest or even "slightly below" that price level in September or October this year, which would be the low point of this bear market.

According to Israeli media reports on the 12th, following the failure of negotiations between the United States and Iran, Israel assesses that the US-Iran ceasefire may be extended to allow for continued contact between the two sides. (Xinhua)

According to Odaily Planet Daily, the talks held in Islamabad marked the first direct meeting between the US and Iran in over a decade, and the highest-level consultations between the two countries since the 1979 Iranian Islamic Revolution. The Iranian delegation arrived in Islamabad early on the 11th, dressed entirely in black to commemorate Supreme Leader Khamenei and other victims of the war. The Iranian government stated that the delegation also carried shoes and schoolbags belonging to students who were killed in a US bombing of a school adjacent to military facilities. Another Pakistani source, commenting on the first round of talks, said, "Emotions fluctuated between the two sides; the atmosphere was sometimes tense, sometimes relaxed." (Reference News)

According to Odaily Planet Daily, ETH has fallen 55% compared to ATH. OKX market data shows that ETH is currently trading at $2212, with its all-time high being $4957 on August 25, 2025.