Bitcoin Price Rebounds Above $65,000 Following $700 Million Liquidation Event in Asian Trading

Bitcoin (BTC) has demonstrated significant resilience, climbing back above the $65,000 mark. This recovery follows a sharp market whipsaw during the Asian trading session, which triggered substantial liquidations exceeding $700 million across the cryptocurrency derivatives market. The volatility underscores the current sensitivity of digital asset prices to regional trading flows and leverage unwinds. Despite the brief sell-off, bullish sentiment appears to be reasserting itself as buyers step in at key support levels. Market analysts are closely monitoring the $65,000 threshold as a critical zone for Bitcoin's short-term momentum, with many viewing the rebound as a sign of underlying strength in the current cycle.