Bitcoin Surpasses $74,000 Mark

Bitcoin surpassed $74,000, gaining 5% in 24 hours.

On the night of April 14, the leading cryptocurrency surpassed the $74,000 mark for the first time since mid-last month. Over the past 24 hours, the coin gained 5%.

At the time of writing, Bitcoin is trading around $74,700.

Ethereum rose to $2,375, increasing by 8% over 24 hours.

Other top-10 assets by market capitalization also moved into the “green” zone. HYPE increased by 8%, SOL by 4.5%.

The Cryptocurrency Fear and Greed Index rose to 2. Although the indicator remains in the zone of extreme lows, it is almost twice as high as it was a week earlier.

The crypto market rally is occurring despite uncertainty in the Middle East. Even reports of a “double” blockade of the Strait of Hormuz by both the US and Iran could not hold back the growth for long.

Several observers pointed to large volumes of short position liquidations, especially around the $73,500 zone. The next significant liquidity cluster is at the $75,500 level.

GM! #BTC Liquidation Heatmap (24 Hour)

High leverage liquidity.

🧲 75.5k

🧲 73.5k pic.twitter.com/iKmUs0to9L

— CoinGlass (@coinglass_com) April 14, 2026

According to Coinglass, over the past 24 hours, shorts totaling $440 million were forcibly closed.

Despite the price recovery, on April 13, spot ETFs based on the leading cryptocurrency recorded an outflow of $291 million. Ethereum funds attracted a modest $9 million.

Analysts’ Opinions

The founder of MN Trading, Michaël van de Poppe, highlighted the importance of breaking above $75,000. In such a scenario, and with sufficient trading volume, Bitcoin could rise to $80,000-85,000 as early as April, he believes.

#Bitcoin aims to attack the highs and is consolidating around $75K.

If it blasts through $75K with volume, we’ll be in for $80-85K this month, as that’s where the higher timeframe resistances are.

Yesterday I’ve made an analysis with several scenarios that I’m looking for.… pic.twitter.com/zq47n6NhXk

— Michaël van de Poppe (@CryptoMichNL) April 14, 2026

“Clearly, the markets have turned upwards, gaining strength overall despite the uncertainty in the Middle East. I assume the chances of realizing [a positive scenario] increase if at least the $72,000 level holds as support,” van de Poppe noted.

According to observations by the analyst known as Ardi, a large volume of liquidity has accumulated around the $76,000 zone, which has been there since March.

“It is in this area that short positions have been actively opened recently, and early buyers suffered a crushing defeat in the collapse. If the price can break through this zone and consolidate above it, the path of least resistance is a squeeze upwards,” he added.

CryptoQuant analyst Axel Adler Jr. pointed out the negative issuance-adjusted demand for Bitcoin.

Negative issuance-adjusted demand means the market has not absorbed new BTC fast enough over the past 30 days. Today’s move was driven by short liquidations rather than sustained spot demand. pic.twitter.com/YGC4hpmRjN

— Axel 💎🙌 Adler Jr (@AxelAdlerJr) April 14, 2026

This indicates that the market has not absorbed new coins quickly enough over the past 30 days. Therefore, the recent rally was caused by short-term liquidations rather than sustained spot demand, the expert believes.

As reported in CryptoQuant, the rise in Bitcoin and Ethereum was linked to the opening of new long positions in the perpetual futures market.