coin-img-ETHETH+1.55%coin-img-BTCBTC-0.32%coin-img-SOLSOL-0.82%coin-img-XRPXRP+0.87%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-2.32%coin-img-ULTIMAULTIMA+1.06%coin-img-POKEEPOKEE+0.03%coin-img-ETHETH+1.55%coin-img-BTCBTC-0.32%coin-img-SOLSOL-0.82%coin-img-XRPXRP+0.87%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-2.32%coin-img-ULTIMAULTIMA+1.06%coin-img-POKEEPOKEE+0.03%coin-img-ETHETH+1.55%coin-img-BTCBTC-0.32%coin-img-SOLSOL-0.82%coin-img-XRPXRP+0.87%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-2.32%coin-img-ULTIMAULTIMA+1.06%coin-img-POKEEPOKEE+0.03%coin-img-ETHETH+1.55%coin-img-BTCBTC-0.32%coin-img-SOLSOL-0.82%coin-img-XRPXRP+0.87%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-2.32%coin-img-ULTIMAULTIMA+1.06%coin-img-POKEEPOKEE+0.03%
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Cointelegraph by William Suberg

Bitcoin RSI hits 27.8 on weekly chart as $120M liquidations follow $70K spike

On Monday, Bitcoin spiked to $70,000 and then retraced during a U.S. bank holiday as thin liquidity enabled rapid squeezes that cleared longs and shorts. CoinGlass reported about $120 million in crypto liquidations over four hours, while the weekly RSI fell to 27.8, the lowest since June 2022 per Keith Alan.
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