Bitcoin climbs higher after $1.2 billion shorts liquidated at $77542 with RSI at 94.51 and MACD golden cross intact.

Bitcoin liquidations hit $1.13B in one hour as wallets 0x8c96, 0x431f and 0x004e lost 1,800 BTC, 677 BTC and 500 BTC.

Bitcoin jumped from $61800 to $64200 in 10 minutes, erasing $300M shorts on weekend liquidity at current $62905 levels with bearish EMA structure intact.

According to Crypto Rover, $2.7 billion worth of Bitcoin shorts are set to be liquidated if Bitcoin reaches the price level of $90,000. This significant liquidation event could potentially lead to a short squeeze, driving the price even higher, which is critical information for traders monitoring Bitcoin's price movements. Such a large-scale short liquidation indicates a possible bullish momentum that traders should consider in their strategies.