BTC: $117M Short Trader Hit With Second Liquidation

BTC price action forced a second liquidation on the address 0x8c96e5a2d770f9f2c9d2464ce4e741df0b2bca57 overnight, wiping out another 288 BTC for a $314k loss after 360 BTC were already taken out the prior session.

The remaining 1152 BTC short now carries $1.28M in unrealized losses with liquidation pinned at $65232.5, leaving roughly 228 points of headroom at current levels.

With BTC trading inside the Bollinger band and testing upper resistance at $65463 while RSI(14) prints 71.68, the overbought momentum against the bullish MACD golden cross points to a probable retracement toward EMA50 support at $63951.78 before any sustained continuation higher.