Bitcoin, ether, oil shorts lead $427 million wipeout on US-Iran ceasefire
Burns Brief
Short sellers betting on continued war escalation lost $427 million in 24 hours as bitcoin vaulted past $72,000 on the ceasefire announcement The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC $ETH for reaction — a decisive move above or below key levels will confirm the next trend.
Short sellers betting on continued war escalation lost $427 million in 24 hours as bitcoin vaulted past $72,000 on the ceasefire announcement.
Key Takeaways
- Short sellers betting on continued war escalation lost $427 million in 24 hours as bitcoin vaulted past $72,000 on the ceasefire announcement