Bitcoin has proven its resilience by clawing back losses after a volatile day that saw it drop to an intraday low of $63,176 following U.S. airstrikes on Iran. The digital asset's ability to absorb the shock and rebound to above $67,000 is a testament to its growing maturity in the market.
According to reports, nearly $250 million in bitcoin derivatives positions were liquidated, with about $124.88 million in long bets wiped out. While the exact reason for the rally remains uncertain, analysts suggest that restrained escalation of tensions and steady global liquidity conditions may have contributed to the recovery.