Bitcoin: Can BTC reclaim $70K as $183M liquidations shake the market?
By Bullbit Editorial · March 28, 2026
WhatBitcoin whales turned to aggressive shorting amid extended BTC weakness, leading to $183M liquidations.
WhyThe sudden surge in short positions has put pressure on the market, making a BTC reclaim of $70K uncertain.
SignalA potential short squeeze could be triggered if BTC price rebounds, but it's unclear if it will be enough to overcome the current bearish sentiment.
TargetAnalysts are looking for a potential BTC price bounce to around $65K before a possible reclaim of $70K.
RiskThe risk of further liquidations remains high, with a potential BTC price drop to $60K if the market continues to decline.