- Crypto surges to $2.45T after Trump announces a 2-week US-Iran ceasefire, with $430M in shorts liquidated.
- Geopolitical de-escalation boosted risk sentiment, driving sharp gains across BTC, ETH, and equities.
- With most upside liquidity cleared, BTC could sweep the $73K–$73.5K cluster before targeting $71K pools.
The crypto market surged to an intraday high of $2.45 trillion after President Donald J. Trump announced a two-week ceasefire between the US and Iran. The relief rally triggered over $430 million in short liquidations, with Bitcoin (BTC) accounting for $245.59M and Ethereum (ETH) $128.50M.
As geopolitical tensions ease and most upside liquidity clears, Bitcoin could face a liquidity sweep below the $71,000 level after one final liquidity cluster around the $73,000-$73,500 range.
Crypto Market Hits Intraday High After Ceasefire News
On April 8, 2026, the crypto market surged sharply after President Trump announced a two-week ceasefire between the US and Iran, triggering a classic relief rally across risk assets. The total crypto market capitalization surged back to $2.42 trillion, tagging an intraday high of $2.45 trillion.
Notably, liquidations exceeded $430 million across the market in the past 24 hours, with Bitcoin accounting for $245.59 million and Ethereum $128.50 million.
At the same time, oil prices, both Brent and WTI, collapsed by more than 10%, ironically surging the tokenized crude markets up to $79 million as risk-on sentiment flooded back into digital assets.
Source: X
Trump’s announcement of the two-week US–Iran ceasefire delivered immediate de-escalation in geopolitical tensions, sparking a powerful risk-on wave that lifted risk assets globally. This short squeeze has accelerated price discovery and rapidly consumed available buy-side liquidity for Bitcoin.
What’s Next For BTC Price?
With the ceasefire-driven rally having swept through most of the upside liquidity pools, Bitcoin now faces a clear liquidity map. According to analyst TedPillows, most of the upside liquidity pools that existed above current levels have already been swept clean during today’s sharp move higher.
Analyst Ted Pillows in an X post said, “Most of the upside liquidity for $BTC has been taken out,” leaving only one notable cluster remaining around the $73,000–$73,500 level that market makers could still target. He added that large liquidity clusters exist below the $71,000 level, which market makers could target next.
Once the $73K–$73.5K level is tapped, whether through a quick spike or a sustained probe, the focus shifts lower. The next major liquidity concentrations sit below $71,000, where larger clusters of resting orders and leveraged positions accumulate. These lower pools form the primary target for price discovery in the coming sessions.
Therefore, traders watching the heatmap could have the clearest real-time signals on whether the $73k zone is respected or swept, and how aggressively the price rotates toward the larger downside liquidity once that level is taken out.
Related: Bitcoin Price Prediction: BTC Hits Three-Week High As US-Iran Ceasefire Lifts Risk Assets
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Source: https://coinedition.com/crypto-hits-2-45t-after-us-iran-ceasefire-245-59m-btc-liquidated/
