160k people wiped out, nearly 600 million in shorts buried, weekly chart still up 4.5%—this volatility, TradFi is silent.

ME News April 18 reported that the volatility in the Middle East caused Bitcoin to fall back to around $76k. Iran had previously opened the Strait of Hormuz, causing further pressure, but later closed the channel, reversing market sentiment. This round of liquidations involved approximately 168,336 people, totaling $762 million, with short squeeze amounting to about $593 million. The weekly trend still shows an increase of about 4.5%, with attention on the $76k support level. If it closes above or breaks through this level, the upward trend may continue; otherwise, it could return to the consolidation range since March.