Bitcoin tops $72K after $280M liquidation targets bears: Will the ‘fragile truce’ hold?
Bitcoin and global markets rallied after the US and Iran announced a ceasefire, but data show BTC bears have not closed most of their positions yet.
Key takeaways:
The US and Iran ceasefire boosted stock markets and Bitcoin, but BTC derivatives suggest limited bullish momentum.
Legislative setbacks and a “fragile truce” between the US and Iran keep bears active with a potential $68,000 correction on the cards.