Bearish bets on bitcoin, ether, oil shorts lead $427 million wipeout on US-Iran ceasefire
Days of bearish positioning unraveled in about two hours on Tuesday night as bitcoin surged past $72,700 after Trump confirmed a two-week ceasefire with Iran via Truth Social just before his 8 p.m. ET deadline. The move triggered $595 million in total crypto liquidations across 118,489 traders, according to CoinGlass data. Short positions accounted for…