#TrumpSignalsPossibleCeasefire

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Bitcoin Prepares for the ‘War is Ending’ Narrative: Ahead of Trump’s Iran Speech

Bitcoin remained around $68,000 before Trump’s speech. However, traders sold on the rise, preventing accumulation.

Intraday selling pressure is evident. There is weak determination behind the upward movement.

The CMF is giving a late buy signal. However, the overall positioning shows a cautious “sell the news” situation.

Bitcoin continues its sideways movement in the $68,000 range on Wednesday. Markets are focused on President Donald Trump’s critical speech regarding the war with Iran. According to reports, Trump may convey the message that the conflict could end within a few weeks and that the final steps are a strategic success.

However, even though the “war is ending” narrative is gaining strength, Bitcoin’s intraday data reveals a more cautious market behind the scenes.

The Cumulative Volume Delta (CVD) clearly shows that sellers were dominant throughout the day.

After a slight rise at the start of the day, the CVD (Current Price Index) consistently turned negative. In other words, more sell orders entered the market than buy orders. In short, traders viewed the rising price as a selling opportunity rather than opening new positions.

Even during brief periods of recovery later in the day, selling pressure persisted. This indicates a lack of strong momentum behind the upward movement.
Although Bitcoin's price largely traded sideways, the OBV moved downwards. This divergence indicates that trading volume is flowing out of the asset, meaning funds are flowing out rather than in.

In short, the market isn't accumulating Bitcoin; instead, it's quietly selling. Sellers were dominant throughout the day.

The index moved slightly into positive territory by the end of the day. This means that buyers entered the market to some extent in the final hours, but the movement remained limited and unstable.

This picture reveals a limited amount of "buying on the dip," but without strong demand behind it.

Cryptocurrency Market in Preparation, No Decision Yet

When all this data is read together, a defensive positioning is evident in the market.

Bitcoin may be pricing in the possibility of a decrease in tension. However, traders are not taking risks for a new upward breakout. They prefer to sell on strengthening prices and wait for confirmation.

This pattern also aligns with the classic "sell on the news" approach.

If Trump confirms that the conflict will end soon, there may be an initial positive reaction in the markets. However, Bitcoin's on-chain flow data suggests that much of this expectation is already priced in.

For now, the market isn't following the narrative. Instead, it's pursuing a cautious preparation process for the eventuality.
‍$BTC