Although there was a wave of Bitcoin liquidations on a scale not seen in the cryptocurrency market for a long time, the pressure on the price remained limited. According to the latest data, while approximately $600 million worth of positions in Bitcoin were liquidated in a single day, the price dropped by only 2.2 percent despite this high amount of sales. This chart revealed that, unlike the sharp price break in February, Bitcoin is more resilient in current market conditions.
Bitcoin limits volatility despite major selling pressure
Looking at the daily trading chart, Bitcoin price traded around $76,651 on Bitstamp, with a decline of 0.98 percent in the session. After the rapid decline starting from the 2025 peak, the price attracted attention with recovery attempts. In the analysis, compared to the sharp sell-off in February, this time the price loss was lower, although the liquidated positions were larger.
The biggest liquidation process of the last three months took place. Surprisingly, the price fell only 2.2 percent. This situation is very different from the big crash in February and stands out as a serious sign of resilience in the market.
According to the data, liquidation of more than $ 600 million took place in Bitcoin, and the price responded with a small decline in this process, showing the market’s capacity to absorb sharp sales. This development also revealed that Bitcoin can find support in the short term and volatility may increase, especially when it approaches important areas.
Market positions and critical levels
MNFund, one of the market tracking companies, shared that it reduced its risk last week and acted more cautiously because the positions were excessive. They stated that they planned to enter the market slowly again after the last liquidation movements. This announcement showed that traders are carefully watching whether the price can maintain the critical support zone despite the liquidation pressure.
Currently, Bitcoin price is trading close to the 0.786 Fibonacci retracement level at $77,331. Analysts point out that the $77,000 to $78,000 range is quite important in the short term. The price closing above this zone indicates that the rise may strengthen until the 0.618 Fibonacci retracement area at $85,902.
The nearest supports lie in the $70,000 to $72,000 range, with a significant retracement area below at $66,413. It is stated that if these levels are lost, downward pressure may increase.
Technical indicators signal indecision in the market
Indicators included in the analysis on daily charts showed that there was no clear direction in the market. While the values on the MACD indicator produced a mixed signal, it was reported that the momentum did not fully move to the positive side. On the chart, the MACD line stopped at 606 and the signal line stopped at 1,286. The fact that the histogram was at minus 680 indicated that the buying pressure was not gaining enough strength.
The RSI indicator was also measured at 44.06, slightly below the neutral zone, and its moving average was measured at 58.85. Comments were made that the upward momentum in the market was weak due to the RSI remaining below the midline. Bitcoin is not oversold; Therefore, if the main support zones are lost, the continuation of the downward trend seems possible.
Looking at the technical chart, Bitcoin is testing its stability after the recent pullback. Holding at $77,331 could help sustain recovery efforts. However, if this support is broken, a search for a new balance in the $70,000 and $66,413 regions may come to the fore. The closing range of $ 85,902 to $ 91,922 is considered an important threshold for the market to regain its upward momentum.
