【Bitcoin revisits $70k, has the market fully priced in the US-Iran war risk?】

During the Qingming Festival holiday, A-shares and Hong Kong stocks were closed, but Bitcoin markets never stop.
Starting April 6, BTC began from a low of $67,400 in the Asian session, rising intraday to break through $70,300, hitting a high since March 26, up over 4% from the daily low. During the same period, Ethereum rose from around $2,050 to $2,170, an increase of about 6%, and closed the US stock market above $2,140, up nearly 4% in 24 hours.
CoinGlass data shows that in the past 24 hours, the total liquidations across the entire network amounted to approximately $229 million, with short positions liquidated at $127 million and long positions at $102 million. When BTC broke through $69,000, around $136 million worth of short positions were concentrated near $69,863, triggering a large-scale short squeeze.