Ceasefire Agreement Saves the Market: BTC Violent Rebound, Shorts Suffer Bloodbath

No one expected the black swan of geopolitical tensions to change color!
With the U.S. and Iran suddenly announcing a two-week ceasefire, the previously tense market nerves instantly relaxed, and the geopolitical risk sharply decreased, giving the crypto market a strong boost.

BTC surged on the news, quickly breaking through the $71,000 resistance level, soaring to a high of $72,800. The panic sell-off that had been ongoing for hours turned into a frantic risk chase!

This rebound caused heavy losses for those betting on escalating war. In 24 hours, BTC short positions were liquidated for as much as $429 million, with shorts being blown out in a chain reaction. Market leverage experienced a thorough reshuffle.

Although spot ETF outflows are still modest, community sentiment has shifted from panic to fear of missing out. The probability of a ceasefire in market predictions soared by 32% within a day, and confidence has returned.

While the black swan risk has temporarily eased, the current market is like a startled bird, reacting extremely sensitively. This rally is mainly because the war has stopped, not because everyone suddenly believes in a long-term bullish trend.

Currently, $72,800 remains a tough resistance level, and the options market response is relatively muted, indicating that traders are still watching to see whether this rebound is just a fleeting flash or the start of a new trend.

The money that was scared away by the war has now come back. BTC has been consolidating for over two months. Although this rally has shaken out many short sellers, the overall pattern has not yet fully changed.

The simple advice moving forward: don’t get overexcited and go all-in just because prices are rising a bit. It’s still a wave trading environment. Keep an eye on the $72,800 level—if it doesn’t break through, expect a pullback. Be cautious, wait until the market shows clear demand before taking action, and don’t recklessly trade in a choppy market. #Gate广场四月发帖挑战 $BTC