Futures bitcoin liquidation clusters around the $66

Futures Bitcoin liquidation clusters around the $66,800 support zone could act as magnet levels for short-term retests before price resumes upward. Traders are factoring in these levels for stop placement and entry alignment. The political climate has become more accommodating as well. The current U.S. presidential administration is fully embracing Bitcoin. It has introduced favorable regulation and set up a U.S. stock futures gained Sunday, after the S&P 500 and Dow Jones Industrial Average ended Friday at all-time highs. Over $400M in futures Bitcoin positions were liquidated in the past 72 hours during a brief correction, clearing excessive leverage from the market. Analysts expect this flush to set up healthier price action toward the quarterly close.