{"id":10493,"date":"2026-07-06T07:22:21","date_gmt":"2026-07-06T07:22:21","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=10493"},"modified":"2026-07-06T07:22:21","modified_gmt":"2026-07-06T07:22:21","slug":"bitcoin-squeezes-past-63k-but-traders-brace-for-monday-curse-to-strike-again","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=10493","title":{"rendered":"Bitcoin Squeezes Past $63K, But Traders Brace for “Monday Curse” to Strike Again"},"content":{"rendered":"

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  • Bitcoin climbed to US$63,450 on Saturday before settling near US$62,700, the level of its closely watched 200-week moving average.<\/span><\/li>\n
  • A short squeeze drove the move, with about US$167 million in crypto positions liquidated over 24 hours as forced buying lifted the price.<\/span><\/li>\n
  • Traders flagged that the past seven Mondays have all delivered sell-offs, leaving the market split on whether the rally survives the new week.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Bitcoin (BTC) surged toward US$63,500 (AU$91,617) over the weekend on the back of a short squeeze, only for traders to caution that a punishing pattern of Monday sell-offs could unwind the gains as soon as markets reopen.<\/p>\n

    The token reached US$63,450 (AU$91,544) on Saturday amid thin order books over a three-day US holiday weekend, then consolidated near US$62,700 (AU$90,288).\u00a0<\/p>\n

    That level marks its 200-week simple moving average, a long-term trend line analysts treat as a battleground between buyers and sellers.<\/p>\n

    Related: Robinhood Goes On-Chain: Brokerage Launches Its Own Ethereum Layer-2 Network\u00a0<\/strong><\/p>\n

    A Squeeze Incoming<\/h2>\n

    The advance owed less to fresh buying than to traders being forced out of bearish bets. Roughly US$167 million (AU$240.48 million) in crypto positions were liquidated over 24 hours, according to CoinGlass data, as rising prices triggered forced covering.<\/p>\n

    \u201cClassic short squeeze, price grinds higher into a level everyone\u2019s shorting until forced covering does the rest,\u201d trader Daan Crypto Trades noted, questioning whether the 200-week average would now hold as support.\u00a0<\/p>\n

    Fellow trader Exitpump flagged \u201cstronger passive supply here pressing price from above,\u201d a sign sellers were still active at higher levels.\u00a0<\/p>\n

    Squeezes of this kind can lift prices sharply in hours, but they leave the rally resting on closed shorts rather than new conviction, which is why analysts treat the follow-through as more telling than the initial spike.<\/p>\n

    Markets are also pricing in roughly an 80% chance the Federal Reserve holds rates at its July 29 meeting, a backdrop that has historically favoured risk assets.<\/p>\n

    Related: Australia\u2019s Crypto Travel Rule Goes Live: Every Transfer Now Needs a Name Attached<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,Trading#Bitcoin #Squeezes #63K #Traders #Brace #Monday #Curse #Strike1783322541<\/p>\n","protected":false},"excerpt":{"rendered":"

    Bitcoin climbed to US$63,450 on Saturday before settling near US$62,700, the level of its closely watched 200-week moving average. A short squeeze drove the move, with about US$167 million in crypto positions liquidated over 24 hours as forced buying lifted the price. Traders flagged that the past seven Mondays have all delivered sell-offs, leaving the<\/p>\n","protected":false},"author":1,"featured_media":10494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[2586,91,1187,5328,723,5327,3058,171],"class_list":["post-10493","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-63k","tag-bitcoin","tag-brace","tag-curse","tag-monday","tag-squeezes","tag-strike","tag-traders"],"yoast_head":"\nBitcoin Squeezes Past $63K, But Traders Brace for "Monday Curse" to Strike Again - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=10493\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Squeezes Past $63K, But Traders Brace for "Monday Curse" to Strike Again\" \/>\n<meta property=\"og:description\" content=\"Bitcoin climbed to US$63,450 on Saturday before settling near US$62,700, the level of its closely watched 200-week moving average. 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