Bitcoin traded around $64,000 on Friday, with analysts pointing to significant liquidity above current levels that could fuel further upside if bulls maintain momentum.
- Coinglass data shows 55,329 traders were liquidated in the past 24 hours for $211.92 million.
- SoSoValue data shows net outflows of $95.3 million from spot Bitcoin ETFs on Thursday. Spot price-forecast-eth-could-hit-2400-if-this-pattern-is-confirmed/” title=”Ethereum Price Forecast: ETH Could Hit $2,400 If This Pattern Is Confirmed”>Ethereum ETFs saw net outflows of $52.08 million.
- In the past 24 hours, top gainers include Audiera, DeXe, and MemeCore.
Trader exitpump noted a sizable number of Bitcoin limit short orders were filled as aggressive buyers pushed prices higher.
The analyst warns that if BTC fails to break above $64,500, late long positions could unwind, triggering a pullback as traders exit overcrowded bullish bets.
Trader KillaXBT said Bitcoin has declined roughly 2.5% on nine consecutive Mondays, making next Monday a key session to watch. If BTC continues consolidating near the $64,000 region, it could push toward $65,000–$66,000 before another pullback.
An earlier breakdown could turn Monday’s peak into a lower high, signaling weakening momentum.
CryptoReviewing explained Bitcoin’s sharp swings over the past three days triggered nearly $960 million in crypto liquidations.
BTC first plunged from $64,100 to $61,500, wiping out $628 million in leveraged positions, before rebounding to $63,300 and then rallying above $64,500, liquidating another $332 million combined. The analyst says $64,500–$67,000 holds the next upside liquidity target.
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