Bitcoin Trades Below $69K–$70K Short Liquidity Cluster as Market Eyes Potential Breakout

Bitcoin is trading just below a concentrated short liquidity band between $69,000 and $70,000, which analyst Bitcoinsensus describes as a potential "liquidity magnet" that could support an upside move toward $70K. A 3-day liquidation heatmap shared by Bitcoinsensus on Feb. 20, 2026 shows heavy short liquidity stacked near $69K–$70K, with price action grinding upward and compressing beneath this cluster. Clearing these shorts could spark a breakout if buying pressure and momentum increase above the $69,000–$70,000 range, the analyst noted.