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Bitcoin Drops to $76,000 Following Iran's Re-closure of the Strait of Hormuz
A major short squeeze occurred and dissipated within a single session in 2026. Bitcoin surged to $78,000 late on Friday, prompting $762 million in liquidations across 168,336 traders, with $593 million of those losses occurring on the short side, according to CoinGlass. By Saturday evening in Asia, bitcoin had retreated to $76,091, posting a modest 0.8% daily gain, after Iran announced the re-clo…
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Price Drops to $76,000 Following Iran's Reversal on Hormuz Strait
The year 2026 witnessed one of its most substantial short squeezes, which occurred and dissipated within a single trading session. Bitcoin reached a high of $78,000 on Friday, triggering the liquidation of $762 million in positions across 168,336 traders, with $593 million of those being short positions, according to data from CoinGlass. However, by Saturday evening in Asia, the price of bitcoin …
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Price Drops to $76,000 Following Iran's Re-closure of Hormuz Strait
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 re-closure of the Strait of Hormuz, just hours after its foreign minister declared it open. The move triggered a series of events, including tanker owners receiving Iranian radio transmissions and reports of gunfir…
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Price Drops to $76,000 Following Iran's Reversal on Hormuz
A major short squeeze occurred in a single session, with Bitcoin reaching $78,000 on Friday and triggering $762 million in liquidations across 168,336 traders. However, by Saturday evening, Bitcoin had fallen back to $76,091, representing a daily increase of only 0.8%. This decline was prompted by Iran's decision to close the Strait of Hormuz to maritime traffic once again, less than 24 hours aft…
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Price Retreats to $76,000 Following Iran's Re-closure of the Strait of Hormuz
The cryptocurrency market experienced one of the largest short squeezes of 2026, with Bitcoin surging to $78,000 on Friday before pulling back to $76,091 by Saturday evening. This price movement triggered $762 million in liquidations across 168,336 traders, with $593 million of that amount being on the short side, according to CoinGlass. The reversal in Bitcoin's price was prompted by Iran's anno…
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Drops to $76,000 After Iran Closes Hormuz Strait Again
One of the most substantial short squeezes of 2026 happened in a single session. Bitcoin reached $78,000 late Friday, triggering $762 million in liquidations across 168,336 traders, with $593 million of that on the short side. By Saturday evening, bitcoin had retreated to $76,091, up just 0.8% on the day, after Iran announced the closure of the Strait of Hormuz to maritime traffic. The move came …
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Drops to $76,000 as Iran Reverses Hormuz Reopening
A significant short squeeze occurred in a single session, with Bitcoin surging to $78,000 on Friday before pulling back to $76,091 by Saturday evening. The sudden reversal came as Iran announced the reclosure of the Strait of Hormuz, less than 24 hours after its foreign minister declared it fully open. This development led to a $762 million liquidation across 168,336 traders, with $593 million of…
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Price Drops to $76,000 After Iran Closes Strait of Hormuz Again
One of the most significant short squeezes of 2026 occurred within a single trading session. Bitcoin surged to $78,000 late on Friday, triggering $762 million in liquidations across 168,336 traders, with $593 million of those losses coming from short positions, according to CoinGlass. By Saturday evening in Asia, bitcoin had retreated to $76,091, posting a mere 0.8% gain for the day, after Iran a…
April 18, 2026, 5:04 a.m.
Markets
Bitcoin Price Drops to $76,000 Following Iran's Reversal on Hormuz Strait
One of the most substantial short squeezes of 2026 took place within a single session, as Bitcoin surged to $78,000 on Friday, triggering $762 million in liquidations across 168,336 traders, with $593 million of that amount being attributed to short positions, according to CoinGlass. However, by Saturday evening, Bitcoin had retreated to $76,091, marking a mere 0.8% increase for the day, as Iran …
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 in a single session. Bitcoin reached $78,000 on Friday, triggering $762 million in liquidations across 168,336 traders, with $593 million of those losses attributed to short positions, according to CoinGlass. However, by Saturday evening in Asia, bitcoin had fallen back to $76,091, representing a mere 0.8% daily increase, after Iran announ…
April 18, 2026, 5:04 a.m.