Bitcoin Faces $3.4B Long Liquidation Risk Near $66.5K Zone

TLDR: $3.44B in leveraged long positions sit near $66.5K, risking forced liquidations. Bitcoin trades around $71,544, consolidating below resistance at $72K. MACD shows fading bullish momentum, RSI at 58 indicates moderate buying strength. Breakdown below $70K could trigger rapid liquidation of billions in longs. Bitcoin faces a critical liquidation risk as over $3.4B in leveraged [...]

The post Bitcoin Faces $3.4B Long Liquidation Risk Near $66.5K Zone appeared first on Blockonomi.