#bitcoin
Bitcoin Again at $69,000: Market Squeeze on Hopes for Peace
After a gloomy weekend, the crypto market greeted Monday with a sharp jump. While traders returned from the Easter holidays, Bitcoin jumped 3%, reaching $69,120. 📉 What triggered the rally?
The main driver is geopolitics. There were reports of a possible 45-day truce between the US and Iran. Despite Donald Trump's aggressive rhetoric, the market clung to the hope of de-escalation.
Briefly about the main thing ("Short Squeeze"):
The bears, who expected a further decline, found themselves trapped. Over the past 24 hours, positions worth $273.8 million were liquidated, of which almost $197 million were shorts.
• The largest liquidation: $10.17 million (ETH-USDT on Binance).
• Ratio: 3 shorts for every 1 long liquidated.
📊 How are altcoins doing?
• $ETH : +3.7% ($2,130) is the top gainer among the top assets.
• $XRP : +2.2% ($1.34).
• $SOL : +2% ($82).
• DOGE: +1.7% ($0.093).
• Total market cap has topped $2.5 trillion again.
🔍 What’s next?
We’re still within the $65,000-$73,000 “wartime range” that has held for 5 weeks.
• Resistance levels: $71,500 and $81,200.
⚠️ Verdict: Whether this bounce turns into a full-blown bull run depends on whether the cease-fire rumors come true or whether they remain another empty headline for 48 hours.
