[Analysis: Bears Are Not Rushing to Close Positions Amid U.S.-Iran Easing, Suggesting Bitcoin May Still Have Room for Correction] BlockBeats News, April 9: Yesterday, following the global stock market rally spurred by a two-week ceasefire agreement between the U.S. and Iran, Bitcoin surged 6% within four hours. This rally resulted in $280 million worth of Bitcoin short positions being liquidated. Analysis indicates that although the open interest increased by 2.5% to 593,930 BTC, the bullish momentum in the derivatives market remains limited, with no significant changes in positions. Therefore, there are currently no signs that bears are rushing to close their positions. Inflationary pressures have not yet subsided, with Brent crude oil prices holding steady at $95 per barrel, up from $72 per barrel at the end of February. More importantly, the two-week ceasefire is far from a long-term solution, and the possibility of Bitcoin's price correcting to $68,000 still exists. (Cointelegraph)