Bitcoin Rally To $70K Possible As Bears At Risk Of $600M Liquidation
The post Bitcoin Rally To $70K Possible As Bears At Risk Of $600M Liquidation appeared on BitcoinEthereumNews.com.
Key takeaways: A minor 4.3% Bitcoin price increase to $69,600 could trigger over $600 million in forced liquidations for bearish traders. Rising network hashrate and the BIP-360 quantum security proposal are helping to diminish long-term technical concerns. Bitcoin (BTC) has remained confined within a relatively tight range of $65,900 to $70,500 over the past week. This stagnation has encouraged bearish traders, particularly as other major asset classes displayed resilience. However, even if Bitcoin requires months to reclaim the $90,000 level, excessive bearish confidence could trigger a wave of forced liquidations in futures positions, rapidly shifting momentum back to the bulls. Bitcoin futures liquidation heatmap estimate, USD. Source: CoinGlass According to CoinGlass estimates, a price rally to $69,600 would force the liquidation of over $600 million in short BTC futures. For context, when Bitcoin climbed to $70,560 from $60,200 on Feb. 6, short liquidations totaled $385 million. Currently, a mere 4.3% move upward from the $66,700 level could deliver an even more significant blow to those betting on further declines. Bulls may also find a catalyst in weakening macroeconomic data. The US reported sluggish gross domestic product growth for the fourth quarter of 2025, with an annualized rate of 1.4% falling short of the 2.9% analysts expected, per Yahoo Finance. This slower economic activity negatively impacts corporate earnings outlooks, typically reducing investor appetite for stock market exposure. Meanwhile, underlying US inflation rose more than anticipated in December, dampening hopes for near-term interest rate cuts. The US personal consumption expenditures price index, excluding food and energy, increased by 0.4% month on month. As the S&P 500 loses bullish steam, investors may be forced out of their comfort zones to seek higher returns in onchain markets. S&P 500 futures (left) vs. gold/USD (right). Source: TradingView Escalating Middle East tensions may prompt investors to…
Filed under: News - @ February 21, 2026 5:23 am