Bitcoin Rally to $70K Possible as Bears Face $600M Liquidation Risk

Bitcoin has spent the past week in a tight range between $65,900 and $70,500, a pause that has encouraged bearish bets. A relatively small 4.3% move to $69,600 would force liquidations of more than $600 million in short futures. For context, when Bitcoin rose to $70,560 from $60,200 on Feb.

6, short liquidations totaled $385 million, and a 4.3% uptick from the $66,700 level could inflict an even bigger hit. Macro developments could provide that catalyst. US GDP growth for the fourth quarter of 2025 came in at an annualized 1.4%, below the 2.9% expected, while underlying US inflation rose in December with PCE ex-food and energy up 0.4% month on month.

As the S&P 500 loses momentum, and with Middle East tensions boosting demand for hedges, some investors may shift toward onchain markets; gold has rallied 25% over three months and its market capitalization sits at $35.2 trillion versus Nvidia’s $4.6 trillion, while Bitcoin trades about 47% below its all-time high.

United States

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