Bitcoin: Dumps Below $61500 With $280M Longs Liquidated
Bitcoin drops below $61500 after $2000 plunge in 60 minutes as $280 million in longs liquidated on the 4h chart showing bearish EMA structure and oversold RSI.
SourceAnalysis
Bitcoin plunged $2000 within 60 minutes to trade below $61500, triggering more than $280 million in long liquidations according to @BullTheoryio.
Price now sits at $61859.17 inside the Bollinger band with lower support at $60604.98 while the EMA50 at $69266.55 and EMA200 at $74558.63 define clear resistance overhead; the MACD death cross at -2380.28 and RSI at 23.26 confirm the bearish momentum that produced the cascade.
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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