Analysis

Bitcoin whipsaw liquidates nearly $300 mln in 24 hours – What comes next

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The $63k support zone was defended once again, helping make Bitcoin’s short-term bullish case.

Posted: March 1, 2026 Avatar

By: Akashnath S Journalist Edited By: Saman Waris Bitcoin whipsaw liquidates nearly $300 million in 24 hours- Here's what can come next

Akashnath S Journalist Edited By: Saman Waris Posted: March 1, 2026 Share this article

Bitcoin [BTC] saw intense volatility over the past week of trading. On Wednesday, the 25th of February, BTC formed a local top at $69,988 and fell by 9.94% to a local low of $63,030 on Saturday, the 24th of February.

After reaching this low, Bitcoin immediately rallied. At the time of writing, it was up by 7.71% from $63k in under 24 hours. The leading crypto saw $299.72 million of liquidations in 24 hours, according to CoinGlass data.

The wild volatility of the past two days meant that both long and short positions accounted for roughly equal shares of Bitcoin liquidations. It showed how risky the market conditions were.

The whipsaw price reactions to developments over the past few hours were hard to predict, and even harder to trade.

What is the current Bitcoin short-term bias?

In an earlier report, AMBCrypto had underscored how 2026 is highly likely to be a tough year for long-term holders.

This outlook has not changed, but key developments over the past week mean there is reason to expect more bullishness in the short term.

Source: BTC/USDT on TradingView

The first argument is the Bitcoin bulls’ defense of the $62.9k level. This was the daily session close on the 5th of February. Since then, BTC has traded within that day’s candle, which some analysts call a mother candle.

Trading within this area represents a consolidation phase before the next move. Consider the valiant defense of the lows. Even the threat of war on traditionally low-liquidity weekends was not enough to break it.

Source: BTC/USDT on TradingView

The second argument is the H4 price structure. The previous lower high made on the 21st of February at $68,698 was marked in orange.

This level was breached during the mid-week rally, and a subsequent retracement occurred.

Interestingly, the retracement began to reverse from the $63k level. The 78.6% Fibonacci retracement level at $64.1k was reclaimed within hours of being lost. Therefore, the short-term bias is bullish.

Traders’ call to action – Expect the move to continue higher

There is a legitimate reason for bearish short-term traders to flip to a bullish bias. The current rally was not driven wholly by a liquidation hunt.

As the H4 spot trading volumes reveal, there was healthy volume behind the rally.

At the same time, late Sunday volatility is a storm cloud that hangs above the bulls, and Monday’s New York trading session can set the tone for the rest of the week’s price action.

Final Summary

The Bitcoin volatility of the past week has been extremely trying even for seasoned Bitcoin traders.
The H4 chart and the defense of the $62.9k lows gave ample evidence that the short-term bias was bullish.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

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Akashnath S

Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories. More Articles