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The crypto market witnessed a significant liquidation event as $160 million worth of short positions were liquidated following the announcement of a ceasefire between the United States and Iran. This development led to a surge in market activity, as traders reacted to the geopolitical news.The ceasefire agreement, which aims to de-escalate tensions between the two nations, has had an immediate impact on the cryptocurrency market, causing a rapid shift in trading dynamics. The liquidation of short positions indicates a bullish sentiment among traders, as they adjust their strategies in response to the geopolitical landscape.

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