Bitcoin Rebounds Toward $108,000 as Traders Eye $20B in Short Liquidations
Bitcoin is showing signs of recovery after last week’s historic $20 billion liquidation event, with the price climbing back to around $107,800 at press time.
The rebound comes as technical indicators turn slightly positive, hinting at a potential short-term relief rally.
Data from CoinMarketCap shows Bitcoin up nearly 1.6% in the past hour and 0.8% over 24 hours, despite being down more than 3% on the week. Its market capitalization stands at roughly $2.15 trillion, with daily trading volume surpassing $34 billion.
On the charts, BTC/USD is stabilizing above $107,000 following an intense correction from the $120,000 zone. The Relative Strength Index (RSI) currently sits near 47, suggesting neutral momentum after several days in oversold territory. Meanwhile, the MACD lines are beginning to flatten, often a precursor to a possible trend reversal.
Technical analysis from TradingView also paints a cautiously optimistic picture. The one-hour summary leans toward a “Buy” signal, with 13 indicators flashing bullish against four bearish. Moving averages echo this bias, reflecting improving short-term sentiment among traders.
Adding to the intrigue, on-chain analyst Crypto Rover noted that nearly $20 billion in short liquidations are clustered between $110,000 and $130,000, according to data from Coinglass. Combined with negative funding rates, this creates what Rover called an “interesting combination” for a potential squeeze if bullish momentum returns.
If Bitcoin manages to reclaim $110,000 in the coming sessions, analysts expect a wave of short covering could fuel a rapid move toward $115,000–$120,000. However, failure to hold current support near $106,000 could trigger renewed selling pressure, with eyes turning to the $100,000 psychological zone as the next key defense level.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
