Overview
- A few hours after Tuesday’s ceasefire extension, bitcoin jumped past $78,000 and broke out of a months‑long $65,000–$75,000 range as stock futures also rose.
- Roughly $460 million to $500 million in leveraged bets were forcibly closed over 24 hours, with nearly 110,000 traders liquidated and shorts taking most of the losses.
- Institutional interest added a bid as Strategy disclosed a 34,164 BTC purchase worth $2.54 billion and CoinShares reported about $1.12 billion flowing into bitcoin funds last week.
- Derivatives maps show a squeeze risk near current levels, with about $180 million in short positions exposed above $77,000–$78,000 and roughly $71 million in long positions vulnerable below $77,300.
- On‑chain supply pressures persisted as miners sold about 40,000 BTC in Q1, a record pace that can cap rallies even as prices test the $80,000 area.