Bitcoin: $23M Short Liquidated as Price Breaks $65K

Bitcoin broke above $65,000 and triggered partial liquidation on gambler 0x8c96's 1,800 BTC ($117M) short, wiping out 360 BTC ($23.36M) with the remaining 1,440 BTC ($93.3M) position now facing a new liquidation price at $65,041.72.

Price action on the 4h chart shows BTC trading inside the Bollinger Bands near upper resistance at $64,814.54 while RSI(14) sits at 71.21 in overbought territory and MACD registers a bullish golden cross at 283.64; with the EMA50 at $63,749.36 acting as the next concrete support, a measured pullback toward that level appears probable before continuation higher.