Bitcoin neared $70,000 as reports of potential U.S.-Iran ceasefire talks boosted risk appetite and triggered more than $270 million in short liquidations. Derivatives data show rising open interest and positive funding rates for bitcoin, ether and several major altcoins even as options markets remain cautious. The rally comes as global trading volume surged to $81.1 billion, up 77.8% from the prior day, per CoinMarketCap. As of April 6, BTC trades at $69,647 on Binance (+3.96% in 24 hours) with a futures funding rate of 0.0055%. The ceasefire report provided critical momentum for crypto assets across the board, with short liquidations outpacing longs nearly 3-to-1 in the past 12 hours.