Source: CoinDesk
“Days of bearish positioning unraveled in about two hours on Tuesday night as bitcoin surged past $72,700 after Trump confirmed a two-week ceasefire with Iran via Truth Social just before his 8 p.m. ET deadline. The move triggered $595 million in total crypto liquidations across 118,489 traders, according to CoinGlass data. Short positions accounted for $427 million versus $168 million in longs, a ratio of more than 2.5-to-1 that reflects just how heavily the market was positioned for further downside heading into the deadline.” (04/08/26)