Bitcoin Surges Past $67,300 as Trump Reveals Iran’s Surprising Peace Deal Acceptance!

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<a href="https://bbg-news.com/btc-usd/">Bitcoin</a> Climbs Above $67,300 as Trump Claims Iran Accepted Most of the Peace Plan

Key Takeaways

  • BTC recovers above $67,300 after Trump Iran signals
  • Trump: Iran “gave us most of the points,” deal “ahead of schedule”
  • Iran allows 20–30 oil tankers through Strait of Hormuz as goodwill gesture
  • Whale on-chain accumulation turns negative since mid-March
  • Exchange Whale Ratio climbing toward historically elevated levels

The geopolitical signal moved the price. Whether the structure can hold it is a different question.

What the Chart Shows

Looking at the hourly chart on TradingView, Bitcoin’s price gradually fell from $68,500 to $65,800 over March 27th and 28th. It found support around $65,800 in the early hours of March 28th and then recovered consistently through March 29th. Late on Sunday, the price briefly dropped to $65,900 before a strong rebound pushed it back up to $67,585, though it later settled around $67,400.

The 50-day moving average is currently at $66,668, below the current price and trending upwards. This is the first time this average has shifted from acting as a resistance level to providing support below the price. The Relative Strength Index (RSI) is at 61.75, compared to its average of 50.74. There’s strong buying pressure, more than ten points above the average, and it’s increasing, but still comfortably below levels that would indicate overbuying.

The specific news event that produced this shift came from Air Force One the previous evening.

What Trump Said and What Iran Said

CNN reports that Donald Trump said Iran has largely agreed to a 15-point plan aimed at ending the current conflict, and that talks are progressing faster than expected. He pointed to Iran allowing 20-30 oil tankers to pass through the Strait of Hormuz as a sign of their commitment to a deal, calling it a positive step but not a signal that previous issues are being revisited.

Iranian officials haven’t verified reports about the details of recent communications. Foreign Minister Abbas Araghchi did confirm messages were exchanged through Pakistan as a way to communicate, but stressed this wasn’t a sign of giving in to demands. Iranian sources have called the US plan overly ambitious and unacceptable, saying it asks Iran to give up all nuclear weapons, turn over its enriched uranium, and stop supporting groups in the region. The recent movement of a tanker was presented as a goodwill gesture, but any policy changes linked to it haven’t been officially confirmed.

What the market priced on March 30 was the possibility of de-escalation, not its confirmation.

What the On-Chain Data Shows

Even though prices were going up due to positive global news, three different data points from CryptoQuant suggested that the market was actually starting to sell off, rather than buy.

The Whale 30-day percentage change tracks how much Bitcoin large addresses are buying or selling. For much of early 2026, these large holders were actively buying, which helped push prices up. However, as of mid-March, this trend reversed, and they’ve begun to slightly decrease their holdings.

The Exchange Whale Ratio tracks how much of the Bitcoin entering exchanges comes from the largest holders (the ‘whales’). A rising ratio suggests these large holders are increasingly looking to sell their Bitcoin, rather than keep it. This ratio has been steadily increasing since the beginning of 2026 and is now around 0.57, getting close to a high of 0.6. Historically, when this ratio gets this high, it often leads to more price swings and increased selling.

The ratio of stablecoins to Bitcoin on exchanges has fallen to 1.51, its lowest level in two years. This ratio indicates how much readily available cash exists to purchase Bitcoin. A higher ratio suggests plenty of buying power. Currently, at 1.51, there’s less of a financial cushion of stablecoins to handle potential price drops or support a price increase compared to any time in the last two years.

People have stopped buying crypto directly on the blockchain, but are increasingly moving funds to exchanges. Since new stablecoins aren’t entering the market, large crypto holders wanting to sell and take profits must rely on existing funds available on exchanges. This makes the price vulnerable to drops if positive global trends change.

The Tension the Data Leaves Open

As an analyst, I’m seeing that the on-chain data and recent geopolitical events aren’t actually clashing – they’re just looking at different periods of time. Trump’s comments regarding Iran lifted a significant short-term weight on Bitcoin, and we saw that impact immediately in the price action. However, the data from CryptoQuant shows what large Bitcoin holders were doing *before* that news broke. What’s concerning is they were selling into the existing market, rather than buying and preparing for a price increase. Essentially, the on-chain data suggests a distribution phase was already underway before the positive geopolitical signal.

The cryptocurrency market could see a price increase if positive news emerges, especially given recent large cryptocurrency transfers to exchanges and the limited amount of stablecoins currently available. However, any gains are likely to be temporary unless significant new investment follows. The market’s next big move won’t depend on political statements, but rather on whether institutional investors actually invest money following the easing of geopolitical tensions, or if they wait for more concrete progress in negotiations beyond initial communications.

This positive step has created an opportunity. The next two weeks will show whether or not anyone takes advantage of it.

This article is for informational purposes only and shouldn’t be taken as financial, investment, or trading advice. Coindoo.com doesn’t support or suggest any particular investment or cryptocurrency. Always do your own research and talk to a qualified financial advisor before investing.

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2026-03-30 10:24