Bitcoin holds $65K support as $70,578 rebound follows over $115M short liquidations

Bitcoin rebounded from the $65,000 support to a local high of $70,578, later trading around $69,951 with a 4.31% daily gain as its price moved above the EMA9 level. More than $115 million in short positions were liquidated between 9–10 March, while leverage ratios and futures open interest declined, indicating a broader deleveraging phase. Indicators such as the RSI and Taker Buy/Sell Ratio improved, but price stability may depend on sustaining levels above the EMA9 and overcoming resistance near $74,050.