{"id":56530,"date":"2026-04-14T04:16:19","date_gmt":"2026-04-14T04:16:19","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=56530"},"modified":"2026-04-14T04:16:20","modified_gmt":"2026-04-14T04:16:20","slug":"bitcoin-nears-75k-as-iran-deal-hopes-spark-400m-short-squeeze","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=56530","title":{"rendered":"Bitcoin nears $75K as Iran deal hopes spark $400M short squeeze"},"content":{"rendered":"

A broad hope for a US deal with Iran to end weeks of conflict has spurred investor confidence in riskier assets.<\/p>\n

Bitcoin has surged to its highest price in nearly a month, triggering hundreds of millions worth of liquidations as hopes of a deal between the Trump administration and Iran washed the crypto market with positive sentiment.<\/p>\n

The crypto market surged to a total value of $2.6 trillion, its highest level for a month, liquidating 177,000 traders of $530 million over the past 24 hours, according to CoinGlass.<\/p>\n

The majority of liquidations occurred in the past 12 hours, and 80% of them, or $425 million, were leveraged short positions in Bitcoin $74,414 <\/span>and Ether $2,365<\/span>.\u00a0<\/p>\n

The analyst \u201cBull Theory\u201d posted to X on Monday that over $300 billion in crypto shorts were liquidated over the past few hours, which has added more than $100 billion to the total crypto market capitalization.<\/p>\n

Liquidations of leveraged short Bitcoin and Ether positions. Source: <\/em>CoinGlass<\/em>.<\/em><\/figcaption><\/figure>\n

\u201cThis isn\u2019t a breakout. It\u2019s a short squeeze running into overhead supply,\u201d said Valerius Labs. \u201cReal buyers show up above the 200 SMA [simple moving average], not 15% below it.\u201d<\/p>\n

Bitcoin tapped a four-week high just below $75,000 on Coinbase in late trading on Tuesday, according to TradingView. It was immediately rejected at heavy resistance there and had retreated to $74,290 at the time of writing.\u00a0<\/p>\n

\u00a0<\/div>\n

Ether made a bigger move with a 7.5% daily gain to reach $2,380, its highest level since early February.<\/p>\n

Ether tapped a 10-week high on Coinbase. Source: <\/em>TradingView<\/em><\/figcaption><\/figure>\n

The latest move appears to be driven by derivatives, but a broader hope for a deal between the US and Iran to end weeks of conflict that has suppressed global markets could also be spurring investor confidence in riskier assets. Other drivers could include institutional inflows via spot crypto exchange-traded funds and centralized exchanges buying Bitcoin.\u00a0<\/p>\n

\u00a0<\/div>\n

Traders hopeful of an Iran deal\u00a0<\/h2>\n

Jeff Mei, the chief operating officer at BTSE, told Cointelegraph that markets are rallying largely because \u201ctraders believe the US and Iran are coming closer to a deal.\u201d<\/p>\n

Iran\u2019s economic lifeline depends on its oil exports, and a US blockade of vital shipping lanes in the Strait of Hormuz could severely damage its economy, Mei said.\u00a0<\/p>\n

\u201cNow, it appears that Iran is frantically looking to broker a deal, and stock and crypto markets are rallying as a response.\u201d<\/p><\/blockquote>\n

Related: <\/strong><\/em>Bitcoin bounces to $72.5K as markets react to US Strait of Hormuz blockade<\/strong><\/em>\u00a0<\/strong><\/em><\/p>\n

A US military blockade began on Monday, with President Donald Trump threatening any Iranian ships that approach.<\/p>\n

\u201cIf any of these ships come anywhere close to our blockade, they will be immediately eliminated, using the same system of kill that we use against the drug dealers on boats at sea,\u201d Trump posted on his Truth Social platform on Monday.<\/p>\n

Trump also told reporters that Iran wants to make a deal, but his administration will not \u200bcome to any agreement \u2060that allows Tehran to \u200bhave a nuclear weapon.<\/p>\n

This article is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions.<\/p>\n

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\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A broad hope for a US deal with Iran to end weeks of conflict has spurred investor confidence in riskier assets. Bitcoin has surged to its highest price in nearly a month, triggering hundreds of … Bitcoin nears $75K as Iran deal hopes spark $400M short squeeze<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":56532,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-56530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"\nBitcoin nears $75K as Iran deal hopes spark $400M short squeeze - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=56530\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin nears $75K as Iran deal hopes spark $400M short squeeze - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"A broad hope for a US deal with Iran to end weeks of conflict has spurred investor confidence in riskier assets. 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