BTC Price Soars Amid US Treasury Repo Boost

Bitcoin (BTC) has seen significant price gains following news of expanded US long-term Treasury repo operations. The Hyperliquid BTC perpetual futures whale's remaining short position is now at risk of liquidation, with a trigger price of $65,045, just $200 away.

The address holding the ¥9.324 billion short position faces liquidation at this level after an earlier partial wipeout worth ¥2.336 billion last night. With price testing the upper Bollinger resistance at $65,488.79, a healthy retracement to the 50-EMA support at $63,955.59 seems probable before further continuation on the 4h chart.

The RSI is currently flashing overbought at 72.46, indicating a potential correction in the near term. However, the exact outcome remains uncertain and dependent on various market factors.