Bitcoin price metrics hint at rebound as $1.6B liquidations follow Binance hack
Summary
Bitcoin fell as low as $76,320 and traded above $77,000 amid a reported $6.3 billion Binance hack and a US tech-stock sell-off. Crypto liquidations reached $1.56 billion in 24 hours, including $1.31 billion in long positions. Binance called the attack complex, said it was still investigating, and pledged to cover user losses through its SAFU fund and other resources. Technical indicators showed Bitcoin closing below its lower Bollinger Band and RSI nearing oversold levels; a four-hour bullish RSI divergence suggested selling pressure might be easing, though it does not guarantee a rebound.
