BTC: $102M Short Position Nears Liquidation at $64,892

BTC climbed to $64,785 and left a $102M short opened at $64,202 with just $100 separating the position from full liquidation at $64,892.

The trader now sits roughly $900K underwater on 40x leverage. Price action remains inside the Bollinger band with upper resistance at $64942.04 and lower support at $62550.08. With price testing upper Bollinger resistance at $64942.04 while RSI sits at 65.81, a healthy retracement toward the 50-EMA support at $63870.59 appears probable before any continuation higher. The MACD golden cross at 259.89 keeps the broader 4h structure bullish above the 200-EMA at $63650.1.