Bitcoin, ether, oil shorts lead $427 million wipeout on US-Iran ceasefire

Bitcoin, ether, oil shorts lead $427 million wipeout on US-Iran ceasefire

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin, ether, oil shorts lead $427 million wipeout on US-Iran ceasefireShort sellers betting on continued war escalation lost $427 million in 24 hours as bitcoin vaulted past $72,000 on the ceasefire announcement.By Shaurya Malwa Apr 8, 2026, 4:25 a.m. Make preferred on What to know: Bitcoin surged to about $72,700 after former President Donald Trump announced a two-week cease-fire with Iran, abruptly reversing days of bearish positioning.The spike triggered roughly $595 million in crypto liquidations, with short positions making up about $427 million, marking the most aggressive short squeeze since early March.Bitcoin now sits at the top of the $65,000 to $73,000 range that has contained trading throughout the war, and whether it brea

Source: https://www.coindesk.com/markets/2026/04/08/bitcoin-ether-oil-shorts-lead-usd427-million-wipeout-on-us-iran-ceasefire