Bitcoin: $1.2B Liquidations Strike in One Hour

Bitcoin triggered $1.2 billion in liquidations across exchanges within a single hour, including a $21.76 million BTC short cascade on Binance and a $32.18 million ETH short liquidation on Bitget.

Price action at $68611.55 tests upper Bollinger resistance at $67516.38 while RSI(14) prints 85.32 in overbought territory and MACD holds a bullish golden cross at 864.61; with the 50-EMA support sitting at $64250.94 and 200-EMA at $63973.09, a measured retracement toward those levels appears likely before any continuation higher.