Bitcoin: $2800 Swings Liquidate $40M Positions
Bitcoin swings $2800 in 75 minutes, triggering $40 million in liquidations as shorts and longs get wiped out in rapid succession.
SourceAnalysis
Bitcoin surged $1400 to liquidate $25 million in shorts within 60 minutes before reversing $1400 lower and clearing $15 million in longs over the next 15 minutes.
Traders watching the 4h chart note price at $76385.39 sits below both EMA50 at $77169.96 and EMA200 at $77324.81 while MACD prints a death cross at -21.05, confirming the bearish structure. With RSI at 44.46 still neutral and price inside the Bollinger band, the next move hinges on whether $75789.71 lower support holds or a push toward $77927.89 upper resistance reignites volatility.
These violent liquidation waves underscore ongoing crypto market volatility and fuel fresh BTC price prediction debates as participants assess whether similar swings will repeat in the months ahead.
Bull Theory
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