Overview
- Bitcoin climbed to roughly $69,000 to $70,000 on Monday after reports of potential 45‑day U.S.–Iran ceasefire talks lifted risk appetite across crypto.
- About $200 million in short positions were wiped out over 24 hours, with shorts nearly triple longs, according to CoinGlass liquidation data.
- Prices remain locked in a five‑week $65,000–$73,000 range, with resistance near $71,500 and a key support band at $65,000–$66,000 that traders warn could unlock selling if lost.
- Spot ETF demand continues to underpin prices, with fresh inflows last week and a low‑fee Morgan Stanley bitcoin ETF reported to launch Wednesday at a 0.14% expense ratio.
- Social metrics swung to the most bearish in weeks before the bounce, and on‑chain watchers point to large stablecoin balances on Binance and reports of roughly 500 million DOGE accumulated by large holders since March 31 as signs of ready buying power.