A geopolitical tremor causes 70,000 people to get liquidated. Was paying this tuition fee worth it?

ME News said on April 18 that volatility in the Middle East caused Bitcoin to retreat to about $76k. Iran had previously reopened the Strait of Hormuz, putting additional pressure, but later closed the passage, reversing sentiment. This round of liquidations involved about 168,336 people, with a total amount of $762 million; the short squeeze was about $593 million. The weekly chart is still up by about 4.5%. Watch the $76k support level—if it closes above this level or breaks through it, the rally may continue; otherwise, it may return to the consolidation range that has been in place since March.