Bitcoin: Wild Swings Liquidate $65M
Bitcoin plunged $1,400 to $76.9k liquidating $40M longs, then surged $1,200 to $78.1k wiping $25M shorts in 75 minutes amid manipulation claims.
SourceBitcoin unleashed brutal volatility, dumping $1,400 from $78.3k to $76.9k and liquidating $40 million in longs before pumping $1,200 back to $78.1k, erasing $25 million in shorts—all within the last 75 minutes, sparking cries of market manipulation as traders got rinsed on both sides.
Diving into the 4h chart, BTC holds firm in its bullish structure with price at $77,886.57, well above the EMA50 support at $76,054.88 and EMA200 at $72,793.74, signaling sustained macro upside even as that sharp dip tested the lower Bollinger band near $74,653.28. Momentum stays neutral with RSI at 56.33, but the MACD golden cross at 709.24 screams bullish conviction—expect this confluence to propel a grind higher toward upper band resistance at $79,668.91 once volatility exhausts, especially with whispers of Bitcoin hype linking to emerging plays like TAO in the broader crypto market crash recovery narratives and BTC price prediction models eyeing fresh highs.
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.