BTC Surges 3.46% After $304M Long Liquidations Amid Geopolitical Tensions and Market Rebound

In the past 24 hours, Bitcoin (BTCUSDT) experienced significant volatility primarily due to heightened geopolitical tensions, including the closure of the Strait of Hormuz and a US strike on Iran, which triggered over $304 million in BTC long liquidations and more than $1 billion in total crypto market liquidations. As tensions eased, risk appetite returned, leading to a strong rebound in Bitcoin’s price. On Binance, BTCUSDT is currently trading at $104,765.71, up 3.46% from the 24h open of $101,259.03. The market remains active with robust trading volumes and a market cap above $2.1 trillion, while Bitcoin continues to demonstrate resilience and maintains a positive long-term trend despite recent short-term volatility.