$65 million in short positions were liquidated as Bitcoin and Ethereum prices increased. Bitcoin’s odds to be above $100,000 by June 30 remain unchanged with no significant trades shifting the odds.
The liquidation coincides with a slight easing of tensions in the US-Iran conflict, as President Trump extended the diplomacy deadline by ten days. This has reduced some risk premiums on digital assets, but oil prices remain around $107, indicating ongoing geopolitical tensions. Bitcoin’s June 3