Since July 3, $BTC has been locked between $61K and $67K — 47 days of range with no real direction. Yesterday that range broke. 👀
$BTC surged from $64,500 to $69,500 in hours — nearly +8% in one move. More than $1.1B in short positions were liquidated in a single day — the largest short liquidation volume in Bitcoin history. The previous record was $757M in May 2021. 😱
The breakout cleared the $67K liquidation cluster, forcing shorts to close and adding mechanical buy pressure. RSI is now in overbought territory. Resistance sits between $69K and $70K.
But below — a long liquidation cluster is waiting at $57K. Both sides are exposed.
So the only question that matters right now 👇
Real breakout — or a trap to liquidate both sides? 🎯
#Breakout #liquidation #BitcoinReturnsTo$69KAfterThreeMonths #CryptoRally #dyor
$BTC surged from $64,500 to $69,500 in hours — nearly +8% in one move. More than $1.1B in short positions were liquidated in a single day — the largest short liquidation volume in Bitcoin history. The previous record was $757M in May 2021. 😱
The breakout cleared the $67K liquidation cluster, forcing shorts to close and adding mechanical buy pressure. RSI is now in overbought territory. Resistance sits between $69K and $70K.
But below — a long liquidation cluster is waiting at $57K. Both sides are exposed.
So the only question that matters right now 👇
Real breakout — or a trap to liquidate both sides? 🎯
#Breakout #liquidation #BitcoinReturnsTo$69KAfterThreeMonths #CryptoRally #dyor