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Egyptian Minister of Petroleum: Egypt will settle all outstanding debts owed to foreign oil and gas companies by June 10

BlockBeats News, May 25—As the market bets on an easing of US-Iran tensions, Bitcoin has rebounded from near $75,000. Traders now expect Bitcoin to make a move towards $80,000, potentially triggering a large number of short liquidations. Several traders stated that Bitcoin's previous drop below $75,000 seemed more like a “liquidity sweep,” and the market has now returned to a short-term bullish rhythm. Analysts point out that the $80,000 to $80,500 region is crowded with high-leverage short positions. If the price continues to climb, it could spark a new round of short squeezes. Meanwhile, expectations are rising for a peace agreement between the US and Iran. US stock futures have already hit record highs, while oil prices have retreated. Analysts believe that if geopolitical risks subside, it will be beneficial for an overall recovery in risk assets, including the crypto market. However, on-chain and liquidity data are still signaling warnings. On-chain analytics platform CryptoQuant pointed out that in the past 10 days, one exchange saw a significant net inflow of Bitcoin, with reserves increasing by about 16,000 BTC in a single month, which is generally viewed as a signal of rising potential sell pressure. In addition, US spot Bitcoin ETFs have recently continued to see capital outflows, and the premium index of a certain exchange has turned negative, indicating weakening demand from US institutions. At the same time, leveraged long positions in the market continue to increase, and the funding rate remains positive. Analysts warn that against the backdrop of “ETF withdrawals, weak spot demand, and crowded leveraged longs,” Bitcoin's current move appears more like a fragile, leverage-driven rebound rather than a healthy bull market, potentially leading to a “large-scale liquidation event” in the future.

The Central Bank of Brazil stated on Monday that the liquidation of Master Bank Group’s institutions did not cause systemic impacts. Depositors compensated by the FGC fund mainly redirected their funds to larger and more systemically important financial institutions.The central bank noted that the Master crisis did not have a significant impact on the interest rates of FGC-guaranteed instruments, but the realized level of household credit risk has increased.Default probability estimates indicate that the upward trend in default rates for most credit products is expected to continue.