Bitcoin is above $70,000 on Iran ceasefire, but rally is turning cautious for good reasons

Bitcoin is above $70,000 on Iran ceasefire, but rally is turning cautious for good reasons

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin is above $70,000 on Iran ceasefire, but rally is turning cautious for good reasonsLeveraged bullish bitcoin positions remain near multi-year highs as bitcoin rebounds, hinting at underlying market uncertainty.By James Van Straten|Edited by Stephen AlpherUpdated Apr 8, 2026, 3:12 p.m. Published Apr 8, 2026, 3:05 p.m. Make preferred on Caution warranted on crypto (Getty images)What to know: Bitcoin is higher on the Iran ceasefire, but the rally is a cautious one — perhaps for good reason.Bitfinex margin long positions, which remain above 80,000 BTC, indicate that leveraged longs have not been reduced.Historically, elevated leveraged long positions have acted as a contrarian indicator, typically building during periods of stress and

Source: https://www.coindesk.com/markets/2026/04/08/bitcoin-is-above-usd70-000-on-iran-ceasefire-but-rally-is-turning-cautious-for-good-reasons