Bitcoin Traders Suffer $75M in Liquidations Over $65,600 Resistance

Bitcoin traders have faced significant losses after three failed attempts to clear the $65,600 resistance level. According to recent data, over $75 million in liquidations have occurred as a result of these failed attempts.

The price of Bitcoin has been struggling to break above the $65,600 mark, with multiple attempts resulting in liquidations for traders who were long on the asset. The latest attempt saw a large number of liquidations occur, with over $75 million in losses reported.

Bitcoin's failure to clear the resistance level has led to a decline in sentiment among traders, with some analysts attributing the struggles to a lack of momentum and a crowded short position.