Crypto
Bitcoin Squeeze Spikes Liquidations to $1.1 Billion
A massive short squeeze in Bitcoin led to $1.1 billion in liquidations within a day, according to Adam Back.
The price action shows BTC trading at $69,335.2, inside a bullish trend where the EMA50 sits at $64,442.94 and the EMA200 at $64,035.97.
Bitcoin's price is testing the upper Bollinger resistance at $68,394.45 while the RSI(14) flashes overbought at 85.61 and the MACD registers a golden cross at 1,092.94.
This move aligns with ongoing BTC price prediction discussions and highlights crypto market volatility patterns seen over the past year.