Bitcoin Short Position Nears Liquidation as Price Hits $64,785
A Bitcoin trader has seen their short position of $102 million come perilously close to liquidation after BTC climbed to $64,785.
The short was opened at $64,202 with just $100 separating it from full liquidation at $64,892.
This means the trader is now sitting roughly $900,000 underwater on 40x leverage.
Price action remains within the Bollinger band, with upper resistance at $64,942.04 and lower support at $62,550.08.