Bitcoin: Drops Below $61500 With $600M Longs Liquidated
Bitcoin falls below $61500 for first time since February 5, liquidating $600 million in longs within 60 minutes on heavy selling pressure.
SourceAnalysis
Bitcoin dumps $2,000 in 60 minutes to breach $61,500 for the first time since February 5, triggering $600 million in long liquidations.
Price sits at $63835.16 inside the Bollinger band with lower support at $62565.91 while the EMA50 at $71221.13 and EMA200 at $75306.48 act as firm overhead resistance; the RSI at 17.2 signals deep oversold conditions and the MACD death cross at -2300.88 confirms sustained bearish momentum, pointing to a likely test of the lower band before any relief bounce materializes.
Bull Theory
@BullTheoryioResearch, Trades, onchain plays and all other crypto stuff simplified.Publishes institutional-grade cryptocurrency research and blockchain market intelligence. Delivers in-depth analysis of on-chain metrics, tokenomics, and decentralized finance (DeFi) ecosystems. Features proprietary data models, investment thesis breakdowns, and macro-level crypto trend forecasts. Provides strategic insights for sophisticated investors navigating digital asset markets. Maintains rigorous methodology in fundamental and technical analysis across crypto assets.
Premium Sponsors
.jpg)