Overview
- Bitcoin spiked toward $78,000 Friday after President Trump said Iran would reopen the Strait of Hormuz, following Thursday’s announcement of a 10‑day Israel–Lebanon truce.
- Perpetual futures funding turned deeply negative this week, signaling a crowded short that ZeroStack’s Daniel Reis-Faria said could unwind in a squeeze over the next one to two months.
- Spot Bitcoin ETFs took in $451 million on Tuesday, while U.S. Ether ETFs added $248 million over ten days and miner Bitmine Immersion disclosed a $312 million ETH purchase.
- Derivatives shakeouts grew, with Crypto Briefing counting $817 million in 24‑hour liquidations including $661 million in shorts, as prediction markets priced short‑term Bitcoin thresholds at near certainty.
- Traders flag firm resistance near $75,000–$76,000, and QCP Capital said lasting gains require real signs such as lower oil premia and restored flows through Hormuz, a key route for global seaborne crude.