Over $125 million in crypto positions were liquidated today, with $92 million coming from shorts. Bitcoin price predictions on Polymarket for April 15 are at 100% YES for reaching $78,000 to $80,000, up from 20% a week ago.

Market reaction

The short-heavy liquidation coincides with optimism around geopolitical de-escalation, as Israel and Lebanon edge toward a ceasefire. The April 15 market is fully priced at 100% YES for Bitcoin hitting that target range. The April 2026 market also shows increased confidence, though there’s caution about a dip to $60,000 later in the month.

Why it matters

The $92 million in short liquidations shows traders shifting toward a bullish outlook, expecting Bitcoin to push into…