$69.6K Bitcoin Could Liquidate $600M in Shorts

[ed]

Bitcoin has been stuck between $65,900 and $70,500, giving bearish traders growing confidence. But that confidence may be fragile. According to data from CoinGlass, a modest 4.3% rally to $69,600 could trigger more than $600 million in forced short liquidations — potentially flipping momentum back to the bulls.

For perspective, when BTC surged from $60,200 to $70,560 earlier this month, roughly $385 million in short positions were wiped out. With funding rates showing persistent bearish positioning, even a relatively small upward move could ignite a short squeeze and accelerate upside volatility.

[cryptohog]

Hashrate strong. Security improving. Shorts crowded. All it takes is one decent catalyst and this range could get violent