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.

Odaily Planet Daily reports that US President Trump retweeted an article titled "If Iran Doesn't Compromise, the President Holds a Trump Card: A Maritime Blockade," and copied and posted the article. The article states, "If Iran refuses to accept the final agreement proposed by the US on Saturday, Trump can choose to bomb Iran back to the 'Stone Age,' as he vowed. Or, he might resort to the (maritime) blockade strategy that was successful before (in Venezuela)." (Jin Shi)

Odaily Planet Daily reports that Trump posted on Truth Social, stating, "If Iran doesn't back down, President Trump's trump card: a naval blockade."

According to Huoxun Finance, after 21 hours of negotiations, US Vice President Vance stated that no agreement had been reached, with Iran refusing to commit to abandoning its nuclear weapons program. Trump had previously warned of "total destruction" of Iran if negotiations failed. The Iranian conflict has roiled the cryptocurrency market for weeks, compounded by the tariff controversy, causing Bitcoin to briefly fall below $70,000 earlier this month. Before the negotiations began, cryptocurrency analysts pointed out that if an agreement was reached, Bitcoin could rise to $80,000; if negotiations broke down, it could fall back to $65,000. On the bullish side, on-chain wallet data shows that the largest Bitcoin whales have been consistently buying rather than selling during the most intense period of geopolitical turmoil. The logic is that if the conflict escalates further, disrupting oil supplies from the Persian Gulf, it will trigger rising oil prices, increased inflation, and a delay in interest rate cuts by the Federal Reserve, at which point scarce assets such as Bitcoin and gold tend to perform well. On the bearish side, gold trader and long-time Bitcoin bear Peter Schiff stated that as the conflict escalates, investors will flee Bitcoin and turn to gold; he predicts Bitcoin will "crash," stating that gold is the only true safe-haven asset in wartime, and further suggests that administration insiders may profit from volatility surrounding conflict news; if Trump delivers on his threat of "total destruction," the stock and crypto markets will almost certainly experience a simultaneous sell-off. Regarding subsequent developments, Vance maintained a firm stance at a press conference but did not rule out the possibility of continued negotiations; the Iranian parliament speaker demanded a ceasefire in Lebanon and the lifting of asset freezes before participating in formal negotiations. For Bitcoin traders, the key in the next 72 hours lies in two questions: whether the ceasefire agreement can be maintained, and whether Trump will escalate the conflict. Currently, large whale wallets are still buying at current prices, indicating that at least some large investors are betting on a stabilizing situation.

According to Huoxun Finance, if Bitcoin (BTC) breaks through $75,122, the total short position liquidation on major centralized exchanges (CEXs) will reach $1.16 billion; conversely, if BTC falls below $68,586, the total long position liquidation on major CEXs will reach $409 million.