Bitcoin: Whale Short Liquidated $18.74M on Rally

Bitcoin climbed after US markets opened on news of expanded long-term treasury repurchases, triggering another $18.74 million liquidation on a prominent short position tracked via Hypurrscan. The trader had opened with 1800 BTC worth $117 million; two successive wipes realized $640000 in losses, leaving 1150 BTC ($74.85 million) exposed with the next stop at $65232.

Over the past year large leveraged shorts have repeatedly met similar fates during equity-crypto correlation spikes, underscoring persistent crypto market volatility and the speed of Bitcoin liquidation events. The move also tightens focus on BTC price action analysis as macro flows override local order books.

Price at $65515.96 sits above both the EMA50 at $63953.93 and EMA200 at $63885.77 while testing the upper Bollinger Band at $65477.41; with RSI at 72.13 already overbought and MACD confirming a golden cross at 376.77, the structure points to a probable healthy pullback toward the 50-EMA support before any sustained continuation higher.