Bitcoin hits 40-day high, liquidates $113M in shorts amid US-Iran tensions
US strike threat on Iran’s oil hub pushed Bitcoin to a one‑month high Monday. A fast squeeze hit leveraged shorts.
A 30‑minute spike flipped the tape. Shorts were forced to cover into the move.
- $113 million in short positions wiped within an hour, per CoinGlass
- 94,612 traders liquidated over 24 hours, per CoinGlass
- $385.48 million total liquidations, per CoinGlass
By early afternoon, Bitcoin traded near $73,900, up 2.7% on the day.
War risk drove the bid. Washington weighed options after Iran blocked the Strait of Hormuz. Trump pressed Britain and Japan to join a coalition to reopen it, per Al Jazeera.
He also considered seizing Kharg Island, which handles about 90% of Iran’s crude exports, per the Guardian. Oil rose on the headlines.
ETF flows added steady support. US spot Bitcoin ETFs kept attracting cash, per ETFdb.
The setup stays headline‑driven. A de‑escalation could unwind the squeeze as fast as it built.
