🚨 Bitcoin Rockets Past $70K as Shorts Get Squeezed
Bitcoin has made a powerful comeback, surging from around $64K toward $70K as a massive wave of short liquidations fueled the rally.
More than $1B in BTC short positions were liquidated during the move, creating forced buying and accelerating the upside.
The move also came as the U.S. Treasury announced plans to double long-term bond buybacks to at least $4B per operation, helping push Treasury yields lower and improving broader risk sentiment.
Now, $70K is the key level to watch. A clean breakout and hold above it could open the door for another leg higher, while rejection could trigger profit-taking after such a sharp squeeze.
🔥 Bulls have momentum. Bears are getting trapped.
$BTC
$ETH
$SOL
#Bitcoin #BTC #Crypto #BitcoinNews #CryptoMarket
Bitcoin has made a powerful comeback, surging from around $64K toward $70K as a massive wave of short liquidations fueled the rally.
More than $1B in BTC short positions were liquidated during the move, creating forced buying and accelerating the upside.
The move also came as the U.S. Treasury announced plans to double long-term bond buybacks to at least $4B per operation, helping push Treasury yields lower and improving broader risk sentiment.
Now, $70K is the key level to watch. A clean breakout and hold above it could open the door for another leg higher, while rejection could trigger profit-taking after such a sharp squeeze.
🔥 Bulls have momentum. Bears are getting trapped.
$BTC
$ETH
$SOL
#Bitcoin #BTC #Crypto #BitcoinNews #CryptoMarket