Iran Parliament Speaker's Pre-Market Call Preceded Bitcoin Rally

Iran Parliament Speaker Mohammad Bagher Ghalibaf posted a contrarian trading call on X hours before Bitcoin reversed a weekend selloff tied to Middle East conflict fears.

Ghalibaf wrote that pre-market news is often just a setup for profit-taking. He added that if markets pump on news, traders should short it, and if they dump, go long. MarketWatch confirmed the validity of his X account.

Bitcoin dropped 8.5% during the initial Iran attack cycle on Saturday when traditional markets were closed. The price slid as far as ₱4,090,550 ($67,300) before turning higher after President Trump said the U.S. had begun talks with Iran. Bitcoin climbed back above ₱4,315,439 ($71,000) when war concerns eased.

Trump posted on Truth Social that great progress had been made on Iran peace talks. He said the U.S. was in serious discussions with a new and more reasonable regime in Iran. Bloomberg reported that billions of dollars in oil and stock-index futures changed hands ahead of Trump's Iran post.

Ghalibaf joined the IRGC at its inception in 1980 and commanded its air force from 1997 to 2000. He served as Tehran mayor from 2005 to 2017 and became parliament speaker in 2020 with Supreme Leader Khamenei's backing.

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