Bitcoin broke above $78,000 on April 22 for the first time in 11 weeks, with CoinGlass data showing approximately $180 million in short liquidations clustered above the level.The move coincided with improved risk sentiment after Trump extended the Iran ceasefire, alongside a broader altcoin rally led by higher-beta assets.Analysts warn the move is driven by short-term positioning dynamics rather than a fundamental shift in capital allocation or market structure.