{"id":897887,"date":"2026-04-09T08:13:31","date_gmt":"2026-04-09T13:13:31","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/04\/09\/why-is-bitcoin-price-up-ceasefire-news-425mln-short-liquidations-more\/"},"modified":"2026-04-09T08:13:31","modified_gmt":"2026-04-09T13:13:31","slug":"why-is-bitcoin-price-up-ceasefire-news-425mln-short-liquidations-more","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/04\/09\/why-is-bitcoin-price-up-ceasefire-news-425mln-short-liquidations-more\/","title":{"rendered":"Why is Bitcoin price up? Ceasefire news, $425mln short liquidations & more\u2026"},"content":{"rendered":"
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Bitcoin has rallied 4.57% in the past 24 hours and was trading at $71,829 at the time of writing. The quick gains came after the announcement from President Donald Trump on Wednesday, the 8th of April, regarding the Strait of Hormuz.<\/p>\n

\"Bitcoin<\/a>
Source: Truth Social<\/figcaption><\/figure>\n

The United States and Iran were \u201cvery far along\u201d on a peace agreement, the President wrote in a post on Truth Social. The two-week ceasefire can buy time to reach a more permanent solution, which has given markets the impetus to bounce higher.<\/p>\n

\"Bitcoin<\/a>
Source: CryptoQuant<\/figcaption><\/figure>\n

Yet, the month of March saw a consistent decline in Spot Trading Volume, observed crypto analyst Darkfost.<\/p>\n

The analyst explained that the elevated tensions<\/a> throughout March meant it was difficult for investors to position themselves with a long-term perspective.<\/p>\n

Uncertainty led to sidelined market participants, and the spot volume reached just $69 billion on Binance for March 2026.<\/p>\n

This was the lowest Spot Volume since September 2023. Yet, it is during times of great uncertainty that investors can be on the lookout for opportunity.<\/p>\n

The process of uncertainty can be long-winded for BTC<\/h2>\n
\"Bitcoin<\/a>
Source: CryptoQuant<\/figcaption><\/figure>\n

Investors shouldn\u2019t be rushing to buy Bitcoin and crypto right away, FOMOing into the ceasefire news pump.<\/p>\n

Data showed that U.S.-based investors remained cautious. The Coinbase Premium Index was still negative after the mid-March BTC correction from $76k to $65k.<\/p>\n

The past 24 hours saw $212 million in short liquidations for Bitcoin [BTC]<\/a> alone, according to CoinGlass data.<\/p>\n

Across the crypto market, $425 million in short positions were liquidated. This short squeeze has likely served its purpose and could be nearing an end.<\/p>\n

\"Bitcoin<\/a>
Source: Alphractal on X<\/figcaption><\/figure>\n

Smart money was positioning itself for a retracement.<\/p>\n

Crypto intelligence platform Alphractal showed that both Bitcoin and Ethereum [ETH]<\/a> whales were more inclined towards short positions, or closing long positions.<\/p>\n

This can trigger major volatility, especially considering that April has historically seen high volatility and liquidations.<\/p>\n

Traders and investors should be wary of buying BTC at these levels, given the uncertainties in play.<\/p>\n

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Final Summary<\/h2>\n