According to a report by Cryptonews on April TechFlow, US Vice President JD Vance stated that US and Iranian negotiators failed to reach an agreement on extending the ceasefire after a full day of talks in Pakistan. This news may have caused a short-term pullback in the cryptocurrency market, with Bitcoin briefly falling to around $71,600, Ethereum to around $2,200, and XRP to $1.33, with major assets all falling by nearly 2%. JD Vance stated after the meeting that the US had clearly stated its bottom line, including demanding that Iran not seek nuclear weapons and related capabilities, but the two sides have not yet bridged their differences. Market analysts believe that the breakdown in negotiations exacerbated risk aversion, which was the main reason for the weekend's cryptocurrency pullback.
According to Coinglass data, $123 million in positions were liquidated across the network in the past 4 hours, including $116 million in long positions and $6.89 million in short positions. In addition, $50.43 million in BTC positions were liquidated and $36.76 million in ETH positions were liquidated.
