#加密市场回升 Geopolitical Risks Ease, Crypto Market Violently Rebounds

Following the implementation of the US-Iran ceasefire agreement, the crypto market experienced a long-awaited sharp surge today. Bitcoin (BTC) surged over 5% in 24 hours, briefly breaking through $72,500; Ethereum (ETH) performed even stronger, surpassing $2,260 with an approximately 8% increase. Major altcoins like SOL and XRP generally followed with gains of 5%–8%, and market sentiment quickly shifted from risk aversion to “Risk-on” mode.

Shorts Suffer Heavy Losses, Market Liquidity Recovers

This rapid rise is essentially a short squeeze. Previously, the market had accumulated a large number of short positions due to concerns over Middle East tensions, and the ceasefire triggered a series of liquidations. According to Coinglass data, approximately $598 million was liquidated across the entire network in the past 24 hours, with over 120k traders forced to close positions, of which more than 70% were shorts. Meanwhile, positive signals are emerging in the funding market, as US spot Bitcoin ETFs have recently seen net inflows, significantly easing institutional selling pressure.

The Sustainability of the Rebound Still Needs to Be Tested

Although macro factors are temporarily favorable, the market has not entered a full bull phase. Bitcoin remains in a wide trading range between $60k and $75k, with heavy resistance from trapped positions above. If geopolitical risks re-emerge or regulatory news cools down, the rebound could be halted at any time. Investors should remain cautious of high-leverage chasing and monitor whether trading volume continues to expand.