Analyst: Bitcoin rebounds to $77,400, short position liquidations drive buyers to temporarily gain an advantage

CryptoQuant analyst Axel Adler Jr. stated that in the past 24 hours, Bitcoin rose from $76,300 to $77,400. The Bitcoin liquidation pressure oscillator increased from +0.48 to +54.52, indicating that short liquidations are dominant; the active order pressure oscillator rose from -1.88 to +0.86, showing that market buying temporarily exceeded selling.

However, this positive indicator lasted only about 4 hours, and the buyer's advantage has not been fully confirmed. If the indicator falls back below zero and long liquidations increase, the price may come under pressure again.