Why did crypto short liquidations spike above $468 million today?

Bitcoin surged toward $70,000, running through clustered stops as thin liquidity met high leverage. Forced buying from short liquidations pushed price higher, then momentum faded once covers finished. Volume ran below average, suggesting the move leaned on liquidations rather than fresh spot demand, which limits follow-through until real buyers step in.

Is this a trend reversal or just a BTC relief rally?

Indicators lean toward a BTC relief rally. RSI sits at 41.94, MACD remains negative, and ADX shows a strong but previously downward trend. The histogram’s small improvement helps, but confirmation needs a sustained close above the Bollinger middle band near 70,288.67 with stronger volume. Until then, fade-and-range tactics may work best.

What key levels should I watch after the push toward $70,000?

Watch 70,288.67 as a pivot. A close above could open 72,500 to 73,500, with bigger resistance near the 50-day average at 80,166.90. On the downside, monitor 67,717.55 intraday support and the lower Bollinger band at 58,447.08 if risk-off returns. These zones often guide algorithms and short-term flows.

How can investors in Germany approach Bitcoin price today?

Trade euro pairs or regulated ETPs, and account for spreads, fees, and EURUSD effects. Size for ATR near 3,849, use limit or OCO orders, and avoid chasing spikes. Let a 4-hour close above 70,288.67 confirm strength. If price stalls below resistance, consider scaling out and waiting for better entries.

What risk management fits today’s volatility profile?

Use smaller size, wider but defined stops, and preplanned targets. ATR near 3,849 implies broad ranges, so position sizing matters more than usual. Scale entries, place stops beyond obvious wicks, and reduce leverage. If momentum confirms with closes above key pivots, add gradually rather than entering all at once.

Global Market Insights

BTCUSD Today: February 26 — $468M Shorts Squeezed as BTC Nears $70K

ByHuzaifa Zahoor February 26, 2026February 26, 2026

Bitcoin price today pushed toward $70,000 before cooling near $68,100, triggering over $468 million in crypto short liquidations. The squeeze lifted Bitcoin (BTCUSD) quickly, then momentum stalled. With leverage elevated and funding costs unstable, analysts see a BTC relief rally, not a confirmed uptrend. For investors in Germany, USD quotes dominate, while euro pricing on local platforms will vary with EURUSD. We outline what fueled the move, the technical setup, and practical tactics to manage risk on a volatile, news-sensitive session.