A 4.3% BTC rise to $69,600 could erase $600M in shorts and reopen $70K

Bitcoin has moved between $65,900 and $70,500 over the past week, and a 4.3% push to $69,600 would liquidate more than $600 million in short futures. Derivatives funding remains soft after a Feb. 6 washout, while improving hashrate and the BIP-360 proposal may ease security concerns and support a run toward $70,000.