🇺🇸🇮🇷🇮🇱 Social media has erupted with discussions about the US sending direct airstrikes on three major nuclear sites in Iran. President Donald Trump declared the strikes a success, stating the facilities were “obliterated” and warning that future attacks could be even more severe if Iran retaliates. This marked a significant escalation after over a week of crossfire between Israel and Iran.

Within the US, Rep. Alexandria Ocasio-Cortez (D-NY) is calling for impeachment proceedings over Trump's decision, while others argue that the action was necessary to prevent Iran from advancing its nuclear capabilities. Meanwhile, global leaders and analysts are warning of possible retaliation not just through direct military action but also via cyberattacks, proxy violence, or disruptions to global oil supply routes. With roughly 40,000 U.S. troops stationed in the region, there is fear of further escalation. Particularly with Trump himself warning of "far greater" force if there is retaliation.

In the crypto space, the response has been swift. According to social metrics on Santiment, mentions of “Iran” nearly instantly spiked as the news hit. Bitcoin’s price has remained surprisingly steady, but this could be more due to the fact that it happened at night in the middle of the weekend in the US. Events like this often drive volatility as investors weigh the risks of a broader war. We will continue monitoring both the news, as well as the crowd's reaction, to identify how markets may be impacted.

Here is the link to the Iran social volume chart, as we see whether volatility begins to correlate with this news as the weekend progresses.

📺 In our latest video with ⁨@ThinkingCrypto⁩, we check out the on-chain & sentiment metrics behind Bitcoin, Ethereum, XRP, and Solana. See what others in crypto can't as we kick off a (hopefully) bullish summer.

📺 There is a familiar bullish pattern forming with retail shrinking and whales growing. We discuss how this may impact market movements this summer in our latest market discussion with EquitiesTracker!

📊 Bitcoin's elite vs. mortal wallets are moving in two different directions as its market value sits just north of $104.3K.

🐳 Wallets with 10+ $BTC: +231 Wallets in 10 Days (+0.15%)

🦐 Wallets with 0.001 to 10 $BTC: -37,465 Wallets in 10 Days (+0.15%)

When large wallets accumulate as retail loses confidence, this is historically the right combination for bullish momentum to inevitably return to crypto markets.

📊 As Ethereum trades right at the $2,500 level, the utility and growth of the network continues looking healthier than ever. The amount of new weekly $ETH addresses created is ranging around 800K-1M per week, compared to about one third less at this point last year.

🇺🇸🏦 With Trump expressing his disappointment in Jerome Powell & the FOMC leaving interest rates unchanged, social media has erupted with discussions. Crypto, like global stock markets, stand to benefit if and when rate cuts happen again.

Currently, Bitcoin is -6.8% below its May 22nd all-time high. And the S&P 500 is -2.6% below its February 19th all-time high. Expect for the Trump administration and the Fed to continue to clash over the future direction of monetary policy.

Trump is likely to pressure Powell and the Federal Reserve to lower rates in an effort to stimulate markets and bolster economic sentiment. Powell, however, may continue resisting political influence, arguing for a more cautious approach based on inflation data and long-term economic stability.

😰 With crypto in a bit of a lull, traders are showing signs of impatience & bearish sentiment. There are just 1.03 bullish comments for every 1 bearish comment, which hasn't happened since peak FUD during initial tariff reactions on April 6th. This is typically a bullish sign.

Markets historically move the opposite direction of retail's expectations. A prime example was the optimal buy time during the early April fear from other traders. Monitor this Santiment $BTC sentiment chart, and see what others can't!