Bitcoin: Drops Below $63000 With $200M Longs Liquidated
Bitcoin drops below $63000 after $2000 plunge in 2.5 hours, $200M longs liquidated; Strategy STRC discount raises sale risk.
SourceAnalysis
Bitcoin plunged below $63000 after dumping $2000 in just 2.5 hours, triggering over $200 million in long liquidations within four hours as Strategy preferred stock STRC hit a record low of $85.32.
Price action at $62668.98 sits inside the lower Bollinger Band near support at $62656.84 while the EMA50 at $64612.22 and EMA200 at $69053.83 define clear resistance overhead; the MACD death cross at -411.35 and RSI at 34.9 confirm bearish momentum, pointing to further tests of the lower band before any recovery attempt that could reshape near-term BTC price prediction and crypto market crash scenarios.
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.
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