BTC price to attack $80K shorts on Iran peace deal: Five things to know in Bitcoin this week

CoinTelegraph5h agoUpdated 4h ago
BTC price to attack $80K shorts on Iran peace deal: Five things to know in Bitcoin this week
Smart Read

Bitcoin traders predicted a short squeeze to $80,000, but a lack of overall demand and the return of leverage sparked warnings of more liquidation events to come....

Key takeaways

  • 1Bitcoin traders predict a short squeeze to $80,000 amid US-Iran peace deal optimism, with significant short liquidation pressure above that level.
  • 2Binance accumulated 16,000 BTC over one month with conspicuously high net inflows in the past ten days, signaling exchange buildup.
  • 3Fed inflation gauge PCE data for April releases this week as officials warn inflation pressures remain, potentially constraining Bitcoin upside.

Coins in this story

BTC
₹77,513.83
+1.29%
OP
₹0.131432
+3.77%

Why it matters

Bitcoin's bounce toward $80K depends on geopolitical tailwinds and Fed inflation data, both critical for risk asset sentiment in India's crypto markets. High leverage and liquidation risks mean retail investors face increased volatility as shorts get squeezed, requiring careful position management.

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