Bitcoin (BTC) Breaks $70,000, Social Media Sentiment Explodes After Trump’s Iran Statement

Jakarta, Pintu News – Bitcoin’s price resurgence above $70,000 has once again triggered a wave of FOMO (Fear of Missing Out) among crypto investors. This surge came after a surprising statement from the President of the United States, Donald Trump, regarding the potential end of the conflict with Iran.

Positive sentiment on social media soared, marking a major turnaround from the previous downturn. This phenomenon highlights how geopolitical factors and global market dynamics can significantly affect the psychology of crypto market participants.

Social Media Sentiment Changes Drastically: Optimism Returns?

After experiencing a sharp decline at the beginning of the week, positive discussions about Bitcoin (BTC) on various platforms such as X, Reddit, and Telegram have increased again. Data from Santiment, a market intelligence platform, shows that Donald Trump’s statement about a possible end to the war with Iran was the main trigger for this change in sentiment.

In addition, the reversal in global oil prices has also strengthened optimism among the crypto community. Market participants are now increasingly convinced that global uncertainty opens up opportunities for alternative assets such as Bitcoin (BTC).

This change in sentiment is also driven by the perception that crypto markets are able to respond to global dynamics in real-time, without being tied to a particular financial system or government. Santiment emphasized that periods of uncertainty often prompt investors to seek more independent investment instruments.

Bitcoin (BTC), with its decentralized nature, is becoming the go-to choice amid geopolitical turmoil. This is evident from the spike in discussion volume and search interest related to Bitcoin (BTC) on Google Trends.

Also read: Crypto Predictions End of March 2026: Bitcoin (BTC) Ready to Soar Like Oil?

Bitcoin (BTC) Resilience Amid Geopolitical Turmoil and Institutional Supports

Ryan McMillin, Chief Investment Officer of Merkle Tree Capital, highlighted that Bitcoin’s (BTC) strength in the face of geopolitical shocks is one of the main factors for the rebound in positive sentiment. In addition, heavy buying by institutions such as Strategy, which recently added nearly 18,000 Bitcoin (BTC) to its portfolio, has also strengthened market momentum.

Bitcoin (BTC) also managed to hold above the February low, signaling strong support from large investors. This makes short positions vulnerable, with the potential for a short squeeze to the $80,000 level.

Rachael Lucas, crypto analyst at BTC Markets, added that the re-breaking of the $70,000 level was an important catalyst for market psychology. This level is considered a significant resistance point, so its successful breach triggered a wave of FOMO on social media and trading platforms.

In addition to geopolitical factors, falling oil prices and progress on stablecoin regulation also helped lift positive sentiment in the crypto ecosystem. The combination of these factors managed to reverse the macro pressures that had previously depressed the price of Bitcoin (BTC).

Also read: Tensions in the Strait of Hormuz not over yet, oil prices surge by 7%!

FOMO and the Potential for a Further Rally: Technical Indicators and Institutional Fund Flows

While discussions on social media have shown a positive trend, the Crypto Fear & Greed Index still stands at 15, signaling “extreme fear” in the market as a whole. The index combines various indicators such as Bitcoin (BTC) volatility, market dominance, momentum, as well as data from social media and Google Trends.

Meanwhile, searches for the word “Bitcoin” on Google Trends stood at 71, down from its peak of 100 on March 5. However, history shows that FOMO often catalyzes short-term rallies in the crypto market, as sentiment shifts from fear to greed.

McMillin believes that Bitcoin’s (BTC) technical condition is currently very oversold after five consecutive months of decline since the record high of $126,000 last October. This situation opens up opportunities for a relief rally, at least in the short term.

Lucas added that on-chain data also showed positive signals, with funding rates starting to stabilize and institutional fund flows through exchange-traded funds remaining consistent. Unlike the previous FOMO cycle which was dominated by retail leverage, this time the market foundation is considered healthier thanks to institutional participation.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Cointelegraph. Bitcoin sentiment jumps back into ‘FOMO’ territory: Santiment. Accessed on March 12, 2026
• Featured Image: Generated by Ai