The surprising full opening of the Strait of Hormuz has caused a “shake” in financial markets, and Bitcoin (BTC) and the cryptocurrency ecosystem are no exception. According to data provided by Coinglass, this Friday, April 17, 2026, in just about two hours, the digital asset market recorded a massive liquidation of approximately $280 million at the time of writing.
This “massacre” of leveraged positions is Bitcoin price rebound accelerates, surpassing the $78,000 barrieras shown in the image below:
The move surprised traders holding short positions (short)they believed that geopolitical instability would cause prices to fall or continue to fall.
The following image shows how liquidations have increased over the past few hours. Note that these liquidations cover the entire cryptocurrency and token market, not just Bitcoin.
As CriptoNoticias reported a while ago, the fundamental impetus for this move was a statement by Iranian Foreign Minister Abbas Arakchi. Reopening of the Strait of Hormuz to commercial ships. The lifting of the blockade caused the price of a barrel of Brent crude to plummet to below $90, as 20% of the world’s oil production passes through this route.
For investors, falling oil prices are a signal related to falling inflation rates. Lower energy costs reduce pressure on central banks (such as the US Federal Reserve), allowing for more flexible monetary policy. This scenario, potentially increasing global liquidity, drove Bitcoin higher.
News in development.
