$BTC is currently trading around $76,860 and the market structure looks a bit mixed. The data shows most traders are on the long side, but their average entry is above $80K, which means many longs are currently in loss.
{future}(BTCUSDT)
Short positions are relatively closer to the current price, and if the market moves slightly lower, shorts could quickly turn profitable.
Overall, the market looks under pressure because longs are already crowded and price is trading below their entry levels....
🚨 WHY IS THE CRYPTO MARKET PUMPING SO HARD RIGHT NOW?
Crypto markets suddenly surged after reports that Trump claimed a peace agreement with Iran has “largely been negotiated” and could be officially announced soon.
That single statement quickly shifted sentiment across crypto, stocks, oil, and global risk assets.
For weeks, markets had been pricing in rising geopolitical tensions, higher oil prices, inflation risks, and potential supply disruptions around the Strait of Hormuz.
Now the narr...