Bitcoin: $5.2B Shorts Face Liquidation at $85K

Bitcoin faces $5.2 billion in short liquidations at $85,000 versus $4.6 billion in long liquidations at $75,000, with current price at $78679.62.

Price action sits inside Bollinger Bands with upper resistance at $78982.63 while the 4h structure holds a bullish EMA50 at $72855.6 and EMA200 at $67198.99; RSI at 69.75 keeps momentum neutral yet the MACD death cross at 1818.89 signals fading trend strength, pointing to a probable retracement toward the 50-EMA support before any decisive move toward either liquidation cluster.