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$150M in crypto shorts liquidated as Bitcoin nears $66K after US-Iran peace deal

Market News
15 Jun 2026
Bitcoin
View Source
Bullish
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About $150 million in crypto short positions were liquidated as Bitcoin surged past $65,000 following the US-Iran peace agreement, which eased geopolitical tensions and boosted risk appetite. The peace deal announcement triggered a short squeeze, forcing bearish traders to cover positions, accelerating Bitcoin's rally. However, institutional investors remain cautious, with spot Bitcoin ETFs seeing $316 million in outflows over the past week, raising questions about the rally's sustainability. An official signing ceremony on Friday could further influence market momentum.

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