The head of markets at Laevitas cautions that the recent crypto surge requires more than just a short squeeze. According to @scopicview, the head of markets at Laevitas, «The recent price movements in the crypto markets were more a response to macro relief, intensified by low liquidity during the weekend, rather than stemming from crypto-specific events.» The rally was ignited by President Trump’s remarks regarding a potential framework between the U.S. and Iran, sentiments later echoed by various stakeholders, which alleviated fears surrounding energy supply interruptions and caused crude oil prices to dip, briefly falling below $80 per barrel. As inflation concerns tied to energy diminished, risk assets saw a general uptick, with bitcoin and ether standing out as the top beneficiaries of this shift in market sentiment. Moving forward, traders are keenly observing for more clarity on any agreements, developments around the Strait of Hormuz, the next steps for crude oil, and an upcoming busy schedule for central banks. In the crypto space, the focus remains on whether ETF demand will translate into sustained inflows and if spot market purchases can uphold gains that were initially propelled by short covering and limited liquidity.