Overview
- Bitcoin, which topped $79,000 Monday, is holding in the high $70,000s after a U.S.–Iran ceasefire extension reduced war risk and encouraged investors to add exposure.
- Spot Bitcoin ETFs logged about $824 million in net inflows for the week ending April 24, the fourth straight week of gains, as institutional activity also showed up in record IBIT options interest near $27.6 billion.
- Traders see squeeze risk just above current levels, with roughly $1.5–$2.25 billion in short positions vulnerable to forced buying if Bitcoin clears the $80,000–$81,000 band.
- Derivatives also cut the other way, as exchanges recorded about $600 million in long futures liquidations recently, highlighting how shallow order books can speed a drop.
- Prediction markets price a near-zero chance of a slide to $60,000 by April 30, though these contracts trade little real money and even small orders can swing the quoted odds.