Over $400 million in crypto short positions were liquidated in the past four hours, a signal of bullish sentiment for Bitcoin. The market for Bitcoin dipping to $60,000 in April 2026 sits at 0% YES.
The liquidation coincides with potential de-escalation in the US-Iran conflict over the Strait of Hormuz. The market for Bitcoin dipping to $60,000 in April reflects that optimism. The ceasefire holds, and traders are reading reduced geopolitical risk as room for Bitcoin to break resistance levels.
Volume in the Bitcoin dip market is essentially zero in face value terms. That means a few large trades could move the price significantly. The order book is thin enough that modest capital would shift it.
For traders, this is either noise or a genuine shift. At 0¢, a YES share pays $1 if Bitcoin dips to $60,000, a scenario that requires believing in a swift return to hostilities or a market crash within the next 14 days.
Watch for statements from Jerome Powell on interest rates or Donald Trump on the Iran conflict. Either could change the trajectory of both geopolitical risk pricing and Bitcoin markets.
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Bitcoin Price On April 15| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April 15 | 100% | — | — | Trade → |
| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April 13 | 100% | — | — | Trade → |
