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Shorts took a major hit — $430 million in liquidations in one day. Bitcoin broke through the long-awaited level of $73,000 and soared to $74,484, the highest since the Iranian conflict began in February. Trump hinted at the possibility of negotiations with Tehran, and the market responded positively. On Monday alone, Bitcoin gained 4.8%, Ethereum jumped 7.7% — the BTC to ETH ratio clearly shifted in favor of altcoins.
The wave of liquidations affected 180,000 traders. A total of $534 million was wiped out, but the main blow was to short sellers — $430 million of that amount. The largest position was 12.4 million short BTC-USDT on the Aster platform. Ethereum added $136 million to liquidations, Bitcoin — $229 million. Even the little-known RAVE contributed, soaring 66% and creating $43 million in liquidations.
The top 10 assets are almost unanimously gaining. SOL rose 4.6% to $85, BNB added 3.3%, XRP increased by 2.9%, Dogecoin gained 2.7%. All are showing growth on both daily and weekly charts. Even stocks rebounded — the S&P 500 recovered all losses from the Iranian conflict.
Oil fell 1.3% to $98 per barrel because the market believes negotiations are possible. Treasury yields dropped by a basis point to 4.28% — inflation fears are receding. The next key level for Bitcoin is around $79,000 — active traders are sitting there, aiming to break even. Risks remain: the Strait of Hormuz blockade, a ceasefire that expires next week. But for now, the market remains optimistic.