Bitcoin (BTC) sentiment rises sharply as Trump hints at resolution of conflict

Traders’ optimism is growing as energy shocks and geopolitical uncertainty dominate the macro narrative.

It seems that Bitcoin (BTC) traders are optimistic about an early end to the war in the Middle East.

According to Santiment, sentiment around the largest cryptocurrency asset has rebounded into FOMO territory after its market cap briefly crossed $70,000 on Tuesday.

Return of BTC FOMO

Across social platforms, including X, Reddit and Telegram, discussions reflect optimism, partly due to comments by US President Donald Trump, who hinted that the war could end soon, as well as recent changes in oil prices.

🤑 Bitcoin sentiment after its market value surpassed $70,000 on Tuesday. Across X, Reddit, Telegram, and other crypto-related forums, the crowd is buoyed by Trump’s comments that the war may end soon and that oil prices are headed in a different direction. pic.twitter.com/S21cXOUM0F

— Sentiment (@santimentfeed) March 10, 2026

Despite the growing market sentiment, the chain’s activity is showing signs of cooling. Crypto analyst Axel Adler Jr. found that the average volume of Bitcoin transfers over a 30-day period has decreased compared to both the previous month and the previous quarter. This is evidence of a temporary slowdown in short-term speed.

However, the volume of transfers remains below its 365-day average and significantly higher than the levels of six months ago, which probably means that while the activity of the network has slowed down from previous highs, there is no structural breakdown and the trend of wider use and movement of Bitcoin remains high.

Geopolitical tensions

This week’s rebound in risk assets like Bitcoin coincided with volatility in oil markets and changing expectations about the continuation and impact of the conflict in Iran.

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Amid these macro developments, experts believe that BTC will remain in a structure that is clearly liquidity-driven. In the statement to Crypto potatoBitunix analysts said the derivative liquidation distribution shows a tight concentration of short liquidation zones around $70,000 to $74,000 from current price levels, while long-term liquidity remains tight in the $65,000-$66,000 range below.

After the recent recovery, analysts said that BTC has entered a sideways consolidation, suggesting that the short-term price action is being dominated by up-and-down liquidity.

“Overall, with energy shocks and geopolitical uncertainty dominating the macro, the crypto market has yet to form a unidirectional trend structure. Currently, capital is more inclined to engage in short-term liquidity positioning between dense liquidation zones.”