Bitcoin tops $72K as $280M in shorts liquidated — will ‘fragile truce’ hold?

Burns Brief

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 The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.