Bitcoin BTC is testing $76,000 for a third day as traders battle a potential breakout. The market is calm as the war in Iran appears to be winding down, following a ceasefire between Israel and Lebanon. The crypto market outperformed equities since the start of the war and is now taking a back seat. The number of active contracts in Solana futures has increased by 11% to 5.53 billion, the most since March 18. Total market volume has risen 28% to $225.8 billion, while open interest (OI) has risen over 1.5% to approximately $126.68 billion. Total liquidations have surged 140% to around $529 million, indicating a mild short squeeze and upward pressure in the market. However, the volatility meltdown continues, suggesting further bullish price action.