With Bitcoin (BTC) hovering near the $75,000 mark—a threshold it has struggled to cross since early February—the cryptocurrency market is poised for potential volatility after over two months of stable trading. Traders have strategically positioned short bets around this level, anticipating a price dip. According to CoinGlass data, approximately $200 million in shorts could face liquidation if BTC surges past $75,500, which might fuel further upward momentum.
Simultaneously, macroeconomic indicators are showing signs of improvement. U.S. stocks experienced a rally on Monday, with the S&P 500 index reaching its highest point since tensions rose due to the Iran conflict, following President Donald Trump’s indication of openness to an agreement with Tehran. Additionally, precious metals saw gains on Tuesday, as silver increased by 2.9% since midnight UTC and gold rose by 0.7%, climbing to $4,775 per ounce.