Kalpham

The crypto market just pulled a complete 180 on a single piece of news! After a rollercoaster ride of geopolitical tension, the "bears" who bet on a crash are feeling the burn. 😅 Here’s the breakdown of the massive liquidations in the derivatives market, influencer-style.
🕊️ "One Word, Game Over!" $600M in Shorts Evaporated
The dramatic news of a 2-week truce between the US and Iran hit the wires, and the market flipped 180 degrees instantly. Those who went "short" (betting on a price drop) following news of a potential airstrike got caught in a massive trap. Let’s look at the damage.
📉 1.

Bitcoin & Ethereum ETF Outflows
1. Massive Capital Flight
• Bitcoin ETFs: A total net outflow of $159.1 million (approx. 225 billion KRW) on April 7, 2026.
• Ethereum ETFs: A total net outflow of $64.7 million (approx. 87.5 billion KRW).
• Key Point: Even BlackRock (IBIT, ETHA), which had seen steady inflows, turned to net outflows, signaling a widespread decline in investor sentiment.
2. The Cause: Geopolitical Risks
• The exodus was primarily driven by escalating tensions in the Middle East. Institutional investors shifted to a "cash-out" strategy to minimize risk exposure amid the uncertain

Bitcoin Market Summary
Main Trend
Bitcoin is showing technical patterns very similar to the end of the 2022 bear market. The Stochastic RSI is displaying almost the exact same movements as it did right before the major market rebound back then.
Expert Observations
Traders note that the recent bottom formations and rebound attempts closely mirror the transition into a bull market from early 2023. During that previous cycle Bitcoin dropped to 15600 dollars before establishing a solid bottom. The market is currently watching regular RSI levels as well to see if a bullish divergence will form to c