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Bitcoin Price Retreats to $76,000 Following Iran's Reversal on Hormuz Strait
The most significant short squeeze of 2026 occurred within a single trading session. Bitcoin surged to $78,000 on Friday, triggering $762 million in liquidations across 168,336 traders, with $593 million of those being short positions, according to CoinGlass. However, by Saturday evening, Bitcoin had retreated to $76,091, representing a mere 0.8% increase for the day. This downturn was prompted b…
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Price Drops to $76,000 Following Iran's Closure of Hormuz Strait
The cryptocurrency market experienced one of the largest short squeezes of 2026, with bitcoin reaching $78,000 on Friday before pulling back to $76,091 by Saturday evening. This reversal was triggered by Iran's announcement that the Strait of Hormuz would be closed to maritime traffic again, less than 24 hours after its foreign minister declared it fully open. The closure was reportedly in respon…
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Price Drops to $76,000 as Iran Closes Hormuz Strait Again
A major short squeeze took place in a single session, with bitcoin reaching $78,000 on Friday before pulling back to $76,091 by Saturday evening. This occurred after Iran announced the closure of the Strait of Hormuz to maritime traffic, less than 24 hours after its foreign minister declared it fully open. The closure was reportedly in response to a US blockade of Iranian shipping. Oil tankers th…
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Price Drops to $76,000 Following Iran's Reclosure of the Strait of Hormuz
The year's largest short squeeze took place in a single session, with bitcoin reaching $78,000 on Friday before pulling back to $76,091 by Saturday evening. This downturn occurred as Iran announced the reclosure of the Strait of Hormuz, less than 24 hours after its foreign minister declared it fully open. According to reports, two tanker owners received Iranian radio transmissions indicating the …
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Retreats to $76,000 as Iran Reverses Hormuz Reopening
A major short squeeze occurred in 2026, culminating in a single session. Bitcoin reached $78,000 late on Friday, triggering $762 million in liquidations across 168,336 traders, with $593 million of that amount attributed to short positions, according to CoinGlass. By Saturday evening in Asia, bitcoin had retreated to $76,091, resulting in a mere 0.8% increase for the day, as Iran announced the re…
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Price Drops to $76,000 Following Iran's Re-closure of Hormuz Strait
The year's largest short squeeze took place in a single session, with Bitcoin reaching $78,000 on Friday before pulling back to $76,091 by Saturday evening. This decline came after Iran announced the re-closure of the Strait of Hormuz, just hours after its foreign minister declared it open. The move led to a $762 million liquidation of 168,336 traders, with $593 million of that being short positi…
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Price Drops to $76,000 Following Iran's Closure of Hormuz Strait
The year 2026 witnessed one of its largest short squeezes, which unfolded and dissipated within a single trading session. On Friday, Bitcoin surged to $78,000, triggering the liquidation of $762 million in positions across 168,336 traders, with $593 million of those losses attributed to short positions, according to data from CoinGlass. However, by Saturday evening in Asian markets, Bitcoin had r…
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Price Drops to $76,000 Following Iran's Closure of the Strait of Hormuz
The year 2026 witnessed one of its largest short squeezes, which occurred within a single session. Bitcoin reached a high of $78,000 on Friday, triggering the liquidation of $762 million across 168,336 traders, with $593 million of that amount being attributed to short positions, according to CoinGlass. However, by Saturday evening in Asia, the cryptocurrency had retreated to $76,091, resulting i…
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Price Dips to $76,000 Following Iran's Closure of the Strait of Hormuz
A substantial short squeeze took place in a single session, with bitcoin reaching $78,000 on Friday before pulling back to $76,091 by Saturday evening. This move triggered $762 million in liquidations, with $593 million attributed to short positions, according to CoinGlass. The reversal was prompted by Iran's decision to close the Strait of Hormuz to maritime traffic, less than 24 hours after it …
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Drops to $76,000 After Iran Reverses Hormuz Reopening
The year 2026 witnessed one of its largest short squeezes in a single session. Bitcoin surged to $78,000 on Friday evening, resulting in $762 million in liquidations across 168,336 traders, with $593 million of that amount being on the short side, according to CoinGlass. By Saturday evening in Asia, bitcoin had retreated to $76,091, posting a mere 0.8% gain for the day, as Iran announced the recl…
April 18, 2026, 5:04 a.m.