Bitcoin’s price briefly surged past $64,000 on Tuesday, reaching a high of $64,129.78 on the Binance USDT pair before retreating to around $63,850. This move occurred amid a week of intense volatility that saw over $2.2 billion in total liquidations. The rollercoaster began Monday with a sharp jump from $63,600 to $67,300, wiping out $774 million in short positions. By Thursday, BTC had tumbled to $62,200, triggering another $1.23 billion in liquidations. Friday brought a swift rebound above $63,800, costing traders an additional $217 million. Despite the bounce, trading volume has fallen over 20%, indicating cautious participation.
A fresh bullish MACD crossover on the daily chart, highlighted by analyst CryptosBatman, is drawing attention. This signal previously appeared near major local bottoms in late 2024, February, and April of this cycle, each time preceding a sustained recovery rally. With Bitcoin now hovering around $63,700 and holding above a rising structure, traders are eyeing a liquidity cluster between $64,000 and $67,000. A break above that zone could open the path to a larger comeback.
Meanwhile, Binance founder Changpeng Zhao stirred debate by proposing a deadline for dormant wallets like Satoshi Nakamoto’s, which hold roughly 1 million BTC (worth about $64 billion). CZ suggested locking them permanently if unspent within 6–12 months, to preempt potential quantum computing threats. The idea has divided the community, with supporters citing security and critics warning it compromises Bitcoin’s core principles. The discussion underscores evolving concerns about long-term network safety.
Separately, Michael Saylor’s Strategy continues to reinforce institutional conviction. After facing a make-or-break moment in late 2022 with BTC below $16,000 and debt exceeding reserves, the company doubled down, eventually accumulating 716,000 BTC. Today, its Bitcoin and cash reserves outstrip debt by approximately $48 billion, marking one of crypto’s most dramatic turnarounds and reinforcing the narrative that major players stay committed through volatility.
With the MACD crossover hinting at a possible upside, the market remains in wait-and-see mode. Immediate support lies at $63,000, with stronger floor at $60,000. A sustained push above $64,500 with rising volume would confirm a bullish breakout, while failure could lead to a retest of lower levels. Federal Reserve commentary and inflation data remain key macro wildcards.
