Bitcoin Weekly Liquidations 'Insane' as Price Passes $65,000 on Oil Weakness

Bitcoin sought a breakout toward a potential BTC price target near $70,000 as Iran news sent oil toward its lowest levels since early March.

Bitcoin (BTC) passed $65,000 at Monday’s Wall Street open as exchange order-book liquidity dictated price moves.

Data from TradingView showed BTC/USD hitting $65,555 on Bitstamp — its highest since Wednesday.

BTC/USD one-hour chart. Source: Cointelegraph/ TradingView

The move contrasted with US stock markets, which opened lower on continued uncertainty over the fate of the US-Iran peace deal. The mood settled as the US allowed Iranian oil trading for two months.

“Iranian oil is officially returning to global markets for the first time since 2018,” trading resource The Kobeissi Letter responded in a post on X .

US WTI crude returned to near $73 per barrel, marking some of its lowest levels since early March and the start of the war.

CFDs on WTI crude oil one-day chart. Source: Cointelegraph/TradingView

For Bitcoin traders, it was all about nearby pockets of liquidity around the spot price on the day.

“Took out that thick liquidation cluster above $65K. Right after the US Market open. Going to be important where this moves in the next few hours,” Daan Crypto Trades commented alongside data from CoinGlass .

BTC liquidation heatmap. Source: CoinGlass

Trader CrypNuevo eyed a potential trip toward $70,000 should bulls manage to sustain the low-time frame breakout.

BTC/USDT one-hour chart. Source: CrypNuevo/X

Trading and liquidity analysis account CryptoReviewing, meanwhile, described recent liquidations as “completely insane.”

Related: US dollar strength hits highest since May 2025: Five things to know in Bitcoin this week

Bitcoin, it noted, had liquidated $2.5 billion in just seven days.

“Now, $65,000 - $67,000 has sizable liquidity above that could be swept next - potentially leading to higher levels,” an X post read.

A cautionary note came from trader Killa, who noted that Mondays had tended to mark the week’s swing high for Bitcoin in recent months.

“Over the past six weeks, 6 out of 6 Mondays have marked a local pivot high before price moved lower. Worth keeping an eye on if we start seeing strength and a push higher heading into Monday,” they told X followers.

BTC/USD with Monday peaks marked. Source: Killa/X

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.

All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy .

新闻图片