The post Bitcoin Pushes Above $69K as Retail Bulls Show Intent appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) rallied to $69,482 on Friday, and the rally coincided with data showing steady accumulation from smaller-sized holders in February. Analysts say the breakout may evolve into a broader bullish trend, although other data suggests that a longer period of price consolidation will underlie the emerging bull trend. Key takeaways: BTC broke above the $69,000 resistance and its descending channel, triggering $92 million in short liquidations within four hours. Small wallets added $613 million in February, while the whale wallets stalled with $4.5 billion in outflows. Short-term holder profit-ratio indicator hit its lowest level since November 2022, underscoring weak sentiment over the past few weeks.  Will the Bitcoin relief rally last? Bitcoin has pushed above the upper boundary of its descending channel and retested $69,000. The move marks a potential bullish break of structure (BOS), if BTC holds above $68,000. Bitcoin one-hour chart. Source: Cointelegraph/TradingView If BTC holds above this reclaimed level, the next internal liquidity zones sit near $71,500 and $74,000. The 50- and 100-period exponential moving averages (EMAs) are now compressing beneath the price on the one-hour chart, reinforcing the possibility of the short-term momentum continuing. The latest price surge triggered about $96 million in futures liquidations over the past four hours, with nearly $92 million coming from short positions, signaling a short squeeze on bearish traders. BTC liquidations were primarily concentrated on Bybit (22.5%), Hyperliquid (22%) and Gate (15%), suggesting these platforms account for a significant share of active leveraged positioning in the market. Related: Multi-day negative Bitcoin funding signals ‘overcrowded’ short trade: Reversal coming? BTC retail investor demand backs the breakout The breakout is supported by the steady buying from the smaller-sized investors. Order flow data from Hyblock shows that the small wallets ($0–$10,000) have accumulated about $613 million in cumulative volume delta (CVD) in February,…

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Filed under: News - @ February 14, 2026 3:21 am