Bitcoin: $100M Shorts Liquidated in Two Hours

Bitcoin erased over $100M in short positions in just two hours, forcing bears to cover at successively higher levels and adding fresh momentum to the advance.

Price sits at $79415 inside the Bollinger Bands with upper resistance at $80106.21 and lower support at $77926.73. The 50-EMA at $75905.46 continues to act as dynamic support while the 200-EMA at $69063.92 anchors the broader bullish structure. RSI at 61.12 remains neutral even as MACD prints a death cross at 790.96, suggesting any pullback would likely find bids near the 50-EMA before the next leg higher. This setup aligns with ongoing BTC price prediction models that track short-squeeze velocity and Bitcoin short squeeze dynamics in leveraged futures markets.