Bitcoin price dropped to $64,111 during NY trading, staying within $65,000-$71,000 range. Liquidity around $64,000 cleared $240M in long positions. Bollinger Bands tightened, indicating potential volatility. $1B in long positions face liquidation at $63,000. Open interest flattened, funding rates turned negative. Reclaiming $67,751 may lead to $76,971, support at $63,000.

Order block at $63,000 may signal recovery. TexasWest Capital founder notes bullish RSI divergence on daily chart, rising volume. Positive daily close above reclaimed level may prompt retesting range highs. Buyers defending $63,000 could push price to $70,000. Traders should conduct own research and consider risks.

Read more at Cointelegraph: Bitcoin Shorts Pile Up As $3 billion In Liquidity Sits At $70K