Bitcoin Price Surges Above $69,000 as $2.74 Billion in Short Positions Get Liquidated

Bitcoin surged above $69,000, triggering one of the largest crypto liquidation waves in recent months. Nearly $2.99 billion in positions were liquidated, with short sellers accounting for most of the losses. BTC now faces resistance around $70,500, while $67,200 remains a key support level for the ongoing recovery.