Short sellers betting on continued war escalation lost $427 million in 24 hours as bitcoin vaulted past $72,000 on the ceasefire announcement. Bitcoin surged to about $72,700 after former President Donald Trump announced a two-week cease-fire with Iran, abruptly reversing days of bearish positioning. The spike triggered roughly $595 million in crypto liquidations, with short positions making up about $427 million, marking the most aggressive short squeeze since early March. Bitcoin now sits at…
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