Analyst: Within 2 hours of Ceasefire Announcement, Binance Derivatives Market Saw $2.7B in Long Liquidations

BlockBeats News, April 8th, according to analyst Darkfost's data, after the two-week ceasefire message between the U.S. and Iran landed, Bitcoin saw a $2.7 billion inflow of market orders (taker orders) on the Binance derivatives market within two hours.

The analyst pointed out that the easing of geopolitical events pushed Bitcoin's price to around $71,700, showing investors' short-term optimistic repositioning of risk assets, but still subject to subsequent geopolitical developments.