Bitcoin retreated 4.8% after being rejected at $66,000, with $48.34 billion in open positions on the market. Short liquidations reached $35.56 million versus only $3.03 million for long positions, an 11.7-times gap in favor of shorts. A liquidity cluster located between $60,000 and $61,500 could pull the price down to fill buy orders before a rebound. The funding rate climbed to 0.0067% and the long/short ratio stands at 1.04, confirming buyer dominance. Meanwhile, a whale accumulated over 3,000 BTC, worth $198 million, while Bitcoin’s stock-to-flow ratio surged over 350% in one day.
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