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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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$65 million in short positions were liquidated as Bitcoin and Ethereum prices rose. Despite the move, Bitcoin’s odds of finishing above $100,000 by June 30 remain unchanged, with no significant trades shifting the probability.
The liquidation coincided with a slight easing of tensions in the US-Iran conflict. President Trump extended the diplomacy deadline by ten days, which has reduced some risk premiums on digital assets.
Even so, oil prices remain around $107, suggesting geopolitical uncertainty is still present. While the June 30 Bitcoin market remains active, price targets have not been materially committed by traders.
The liquidation points to a temporary bullish sentiment, tied more to short-term expectations of de-escalation than to a major underlying fundamental change. The lack of recent trades also suggests trader caution.
Because the market appears sensitive to geopolitical signals, any progress in US-Iran talks could quickly alter Bitcoin’s odds. For now, the market is waiting for more concrete developments.
This episode highlights how macro factors—particularly geopolitical tensions—can rapidly shift crypto markets and catch short sellers off guard. With oil still elevated and uncertainty ongoing, further meaningful price movement may require additional geopolitical clarity or a substantial macroeconomic shift.
Traders are expected to monitor statements or actions from major market participants such as BlackRock, as well as any SEC regulatory announcements, which could influence Bitcoin’s path toward $100,000 and potentially change the current odds structure.
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