Bitcoin is nearing $79,000, supported by fresh hopes about a settlement in the Iran war.

Notable Statistics:

Coinglass data shows 100,948 traders were liquidated in the past 24 hours for $448.03 million.       

SoSoValue data shows net inflows of $11.8 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $43.4 million.

In the past 24 hours, top gainers include SPX6900, Pudgy Penguins and Sei.

Notable Developments:

Trader Notes:

Quantitative trader KillaXBT said Bitcoin’s recent move higher has been accompanied by a sharp increase in open interest. Long positions have built up primarily in the $75,000 to $77,500 range, while funding rates have cooled…

Read more on Benzinga