Bitcoin Holds Firm Above Support Amid $359M Liquidations
Key Takeaways
- Bitcoin (BTC) remained stable despite liquidations totalling USD 359.7 million.
- The price held above key short-term support levels.
- Technical indicators suggest a potential consolidation before the next upward move.
- The spot market continues to show strength while overleveraged positions were flushed out.
Heavy Liquidations Without a Price Crash
On March 28, 2025, the Bitcoin market experienced a massive long liquidation. Within one hour, long positions worth approximately USD 359.7 million were closed. Normally, such an event leads to a sharp price drop. However, this time the anticipated crash did not occur.
BTC dipped briefly but quickly stabilized, trading again around USD 86,000. This behaviour points to strong demand in the spot market. Many market participants apparently used the dip as a buying opportunity rather than selling in panic.
Realized Price as a Key Indicator
A central technical factor is the so-called “Realized Price.” This refers to the average price at which coins were last moved — broken down by holding duration. According to data from CryptoQuant, the realized price for short-term holders (1 day to 1 week) was around USD 86,000, and for holders from 1 week to 1 month, about USD 84,000.
As long as the price remains above these levels, it signals confidence among short-term investors. A drop below could indicate profit-taking or a shift in sentiment.
Technical Outlook: Consolidation Possible
From a technical analysis perspective, BTC remains above the 50-day moving average at around USD 85,250. This moving average serves as dynamic support. The Relative Strength Index (RSI) is also around 50 — a neutral value that signals neither overbought nor oversold conditions.
Additionally, the MACD (Moving Average Convergence Divergence) shows a positive trend, although the gap to the signal line is narrowing. This suggests a potential sideways movement or a brief consolidation phase before a new upward trend begins.
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What Does This Mean for You?
Recent developments show that despite high volatility, Bitcoin remains stable. The liquidations have cleared out overheated derivative positions, potentially paving the way for more sustainable price movements. If BTC continues to trade above the short-term realized prices, a new upward push could soon follow.
In the short term, you should keep an eye on the USD 84,000 and USD 86,000 levels. A break below could lead to further uncertainty. However, if the price holds, a move toward the psychologically important USD 90,000 mark is possible.
Our Assessment
Bitcoin is showing resilience. The rapid recovery after the wave of liquidations points to a healthy market structure. The spot market remains active while speculative excesses have been reduced. From a technical standpoint, BTC is well supported but needs new momentum for the next bullish move.
For you as an investor, this means: Watch the support zones closely. As long as they hold, the bullish outlook remains intact. A sustained move above USD 90,000 is possible — but only if trading volume picks up and momentum returns.
Sources
- CryptoQuant
- TradingView
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $81,881.00 |
| 24h % | -1.52 % |
| 7d % | -6.02 % |
| 30d % | -3.71 % |
| 60d % | -22.16 % |
| 1y % | 16.61 % |
| Market Cap | $1,627,036,883,828.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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