Bitcoin: Short Squeeze Triggers $3.67B Liquidations
Bitcoin short squeeze drives $3.67B liquidations as BTC jumps from $63K to $70K with $1.70B BTC and $1.36B ETH wiped out.
SourceAnalysis
Bitcoin just delivered the largest short squeeze in years, ripping from $63K to $70K and triggering $3.67B in 24-hour liquidations.
BTC accounted for $1.70B while ETH added $1.36B as shorts capitulated across the board.
Price now sits at $71238.9 after testing upper Bollinger resistance at $70807.94 with RSI(14) at 88.16 flashing overbought conditions and MACD confirming the bullish golden cross at 1654.37; a healthy retracement toward the EMA50 support at $65083.77 appears likely before the next leg higher in any updated BTC price prediction.
Crypto King
@CryptoKing4EverSpecializes in cryptocurrency investment and market analysis, with a focus on Bitcoin, Ethereum, and Solana ecosystems. Provides trading strategies and altcoin research for crypto enthusiasts.
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