Bitcoin: $102M Short Falls to $6M on Liquidation
Bitcoin short position shrinks from $102M to $6M after 40x leverage liquidation at $64,325 as BTC price climbs above $67,991.
SourceAnalysis
Bitcoin trader's $102M short position against BTC collapsed to just $6M after repeated partial closes and final force-liquidation of 160 BTC at $64,325 plus 128 BTC at $64,571 on the 40x entry near $64,202. With BTC price now at $67,991.31 testing upper Bollinger resistance at $67,315.34 while RSI(14) hits 77.93 overbought and MACD shows bullish golden cross at 815.13, price action points to a healthy retracement toward EMA50 support at $64,226.61 before any continuation higher amid ongoing BTC price prediction volatility and crypto market crash risks.
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