Analyst: Bitcoin Rebounds to $77,400 as Short Liquidations Push Buyers Temporarily Ahead

CryptoQuant analyst Axel Adler Jr. stated that over the past 24 hours, Bitcoin rose from $76,300 to $77,400. The Bitcoin liquidation pressure oscillator climbed from +0.48 to +54.52, indicating dominance of short liquidations; meanwhile, the active trading order pressure oscillator moved from -1.88 to +0.86, showing that market buying temporarily outpaced selling. However, the indicator shifted to positive territory for only about four hours, and the buyers' advantage has not yet been fully confirmed. Should the indicator break back below zero alongside an increase in long liquidations, prices could face renewed downward pressure.