Bitcoin tops $72K as $280M in shorts liquidated — will ‘fragile truce’ hold?

Bitcoin and global markets rallied after the US and Iran announced a ceasefire, but data show BTC bears have not closed most of their positions yet.

Key takeaways:

The US and Iran ceasefire boosted stock markets and Bitcoin, but BTC derivatives suggest limited bullish momentum.

Legislative setbacks and a "fragile truce" between the US and Iran keep bears active with a potential $68,000 correction on the cards.

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