Bitcoin blasted through $78,000 today, igniting a brutal $418 million liquidation spree across crypto markets, with meme coin PENGU riding the wave to double-digit gains. Traders caught off-guard by the rally saw shorts obliterated, echoing the liquidation frenzy from last quarter's BTC pump to $140K all-time highs. This surge aligns with broader crypto momentum, where assets like Bitcoin and emerging tokens dominate headlines amid volatile swings.

On the 4-hour chart, BTC presses against upper Bollinger Band resistance at $78,060.5, signaling potential volatility exhaustion after a bullish MACD golden cross at 580.3 confirms upward strength. With EMA50 holding firm as support at $75,230.04 and EMA200 at $72,343.84 underpinning the trend, neutral RSI at 65.26 suggests room for continuation without immediate overbought risks—expect a test of lower support at $73,625.85 if profit-taking kicks in, setting up for another leg higher in this macro bull run.