Bitcoin's $63K Reclaim Liquidates $540M in Crypto Shorts, a 7-Week High

BTC

BTC/USDT

$84,356.97

+0.19%

$84,356.97

+0.19%

(24s)

24h Volume

$21,454,142,201.14

24h H/L

$84,942.45 / $82,874.93

Change: $2,067.52 (2.49%)

Long/Short

57.4%

Long: 57.4%Short: 42.6%

Funding Rate

+0.0021%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,264.00

▼ -0.17%

Volume (24h): -

Resistance Levels

Resistance 3$94,549.91

Resistance 2$86,763.46

Resistance 1$84,366.01

Price$84,264.00

Support 1$83,209.30

Support 2$77,001.87

Support 3$75,259.66

Pivot (PP):$84,075.87

Trend:Uptrend

RSI (14):64.9

Decrypt Editorial

(12:41 PM UTC)

1 min read

Approved bySarah Chen

Bitcoin bounced 7.5% from Friday’s $59,353 low to highs of $63,800 on Monday.
The weekend recovery liquidated $540 million in short positions on Sunday, the highest level since mid-April.
Experts remain cautious about the rebound, saying it does not confirm a trend reversal yet.

A portion of last week’s selloff has come undone as Bitcoin bounced over the weekend, triggering a huge…