Bitcoin Eyes $80K as $4B in Short Liquidations Comes Into Focus

BTC

BTC/USDT

$66,852.00

+4.70%

$66,852.00

+4.70%

(24s)

24h Volume

$18,924,442,329.35

24h H/L

$67,292.15 / $63,678.83

Change: $3,613.32 (5.67%)

Long/Short

59.8%

Long: 59.8%Short: 40.2%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$66,742.23

▲ 0.62%

Volume (24h): -

Resistance Levels

Resistance 3$70,572.04

Resistance 2$68,977.26

Resistance 1$67,282.49

Price$66,742.23

Support 1$66,354.80

Support 2$64,608.21

Support 3$62,909.86

Pivot (PP):$66,461.41

Trend:Downtrend

RSI (14):45.4

Cointelegraph Staff

(12:34 AM UTC)

1 min read

Updated byMichael Roberts

1180 views

0 comments

A liquidity imbalance in Bitcoin (BTC) is building near $80,000, with more than $4 billion in short positions vulnerable to liquidation above that level. The setup strengthened after Bitcoin defended support near $76,100 for two days and formed bullish signals on the lower time frames.