Bitcoin rallies to $78K on Iran-Hormuz ceasefire, $820M shorts liquidated

Five sources across CryptoSlate, CoinDesk, Cointelegraph, The Defiant document Bitcoin's rally to $78,000 on April 18 following Iran's announcement that the Strait of Hormuz would reopen during a 4-day ceasefire. All sources agree on the core sequence: ceasefire announcement → oil sharp reversal (Brent -13%, WTI -14%) → risk assets rally → BTC breaks $75.5K resistance → $820M liquidations (72% shorts). Sources diverge on durability: CryptoSlate and The Defiant argue the rally is geopolitical and reversible once the 4-day ceasefire deadline expires; Cointelegraph frames ETF inflows as structural validation.