Bitcoin is holding $71,000 on easing geopolitical tensions and a U.S.-Iran ceasefire that boosted global risk appetite.

Notable Statistics:

Coinglass data shows 120,044 traders were liquidated in the past 24 hours for $653.60 million.       

SoSoValue data shows net outflows of $159 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $64.7 million.

In the past 24 hours, top gainers include Zcash, Monad and Ethena.

Notable Developments:

Trader Notes:

Trader Michael van de Poppe expects the market to consolidate before continuing higher. He noted that a short-term pullback is possible, but there is no major concern as long as Bitcoin holds above…

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