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>>Bitcoin’s Q4 rally is threatened as massive long liquidations push the price below key support levels.

Bitcoin’s Q4 rally is threatened as massive long liquidations push the price below key support levels.

crypthub

6 days ago

Market Shakeout

Bitcoin saw $40.5 M of long liquidations in 24 h, showing trader anxiety before key macro data. Price lingered near $111.5 k, barely down despite soft US CPI. The sell‑off removed excess leverage, preparing a calmer market.

Institutional & Regulatory Backing

Regulatory support is growing. The EU cleared Swiss app Relai under MiCA, enabling regulated Bitcoin services across the EEA. JPMorgan will accept BTC and ETH as collateral, providing compliant liquidity to institutions.

Technical Outlook

BTC is trapped in a triangle between $109.7 k support and $114.1 k resistance. The 20‑day EMA crossing above the 50‑day EMA and RSI near 60 hint at bullish momentum. Breaking $114.1 k could push to $117‑$120 k; falling below $111 k may test $106‑$109 k.

Bitcoin Hyper Development

Bitcoin Hyper adds Solana‑speed to Bitcoin via a Layer‑2 on the Solana VM. The presale has raised over $24 M, offering fast, cheap smart contracts. If adopted, it could merge Bitcoin security with high‑throughput apps.