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Bitcoin's price has surged past $60,000, leading to significant market activity. Short positions worth over $2.2 billion are set to be liquidated as BTC nears $65,000. Bitcoin whales have offloaded 30,000 BTC, amounting to $1.86 billion. Despite this, the market remains strong with the Relative Strength Index (RSI) above 60. Sell-side liquidity is stacking around $65,000, which could trigger short seller stops into take profit orders. Short-sellers are getting liquidated left and right, with $146M wrecked in days.
$BTC Binance Spot Some passive buyer continues to nibble on this LTF bleed majority of the bid isn't actually filled though so partial fills and pulled on the bounce bid liquidity still remains around $62K ask liquidity starts around $65K $BTC Takers selling on LTF into the… https://t.co/yTKOcAJOdQ
Bitcoin Whales Dump $1.8B Whales just offloaded 30k BTC for a cool $1.86B after the price ripped past $60k. But the market’s still going strong - RSI sitting strong above 60. Meanwhile, short-sellers are getting liquidated left and right, with $146M wrecked in days. Yet, the… https://t.co/ZN6zUOfSsZ
$BTC Binance Spot Interestingly here ask liquidity added on friday was just filled in this taker driven rally $65K sizeable ask quoted there, likely big level for the market to accept above https://t.co/ZpejEFof0B https://t.co/kZ6kPppSme
