NewsBTC
Apr 15, 2026 upd. 8 Jun

Bitcoin nears $75,300 level that could trigger $80M short liquidations

2 min

Bitcoin jumps 10% on US–Iran thaw hopes; traders eye $75.3k squeeze and $80k

Bitcoin rebounded ~10% this week, tapping the $76,000 area and a near one‑month high. The move tracked improved sentiment around potential US–Iran talks. Bloomberg.

Bloomberg cites ex‑President Donald Trump’s claim that Iran reached out about possible peace talks. Risk assets bounced with it. CIO Damien Loh said BTC moved in line with broader risk, and the market read comments as a sign discussions may resume. Bloomberg.

Loh added a caveat. A bigger leg may need more US regulatory clarity before it sticks. Bloomberg.

Key trading signals:

  • Breakout: Analyst Ali Martinez says BTC broke a two‑month symmetrical triangle on the 12‑hour chart. He calls the “coiling” phase over and sees room toward $80,000 if it holds. Ali Martinez on X.
  • Supply: Miners paused forced selling and accumulated >$330 million in BTC in recent weeks. NewsBTC.
  • Demand: The Coinbase Premium flipped positive, signaling stronger US institutional bid. NewsBTC.
  • Liquidations: Martinez flags $75,300 as a trigger that could wipe about $80 million in shorts and fuel a squeeze. Ali Martinez on X.

Momentum cooled slightly after the $76,000 spike, but price stays near key resistance. Break and hold above $75,300 could unlock forced buying. Ali Martinez on X.

Bitcoin price