$BTC just delivered a heavy squeeze.
A massive 97.01K dollars in short positions were liquidated at 66,451.3. Sellers expecting further downside got trapped as price pushed up, forcing them to close and creating strong buying pressure. When short liquidations approach six figures, momentum can expand quickly.
Now the 66,400 to 66,500 zone becomes critical.
If BTC holds above this area, continuation toward 67,000 and possibly 67,500 becomes realistic as breakout traders step in. But if price drops back below 66,400, this could turn into a liquidity grab, with 65,800 to 66,000 as the next support range.
Right now the squeeze favors bulls, and structure is shifting short term. The reaction above 66.5K will decide whether this turns into a sustained move or just a sharp spike.
BTC
65,462.41
-2.58%