Bitcoin bears at risk of $600M liquidation, raising chance for rally to $70K

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Bitcoin's recovering hashrate and new onchain security protocols may lead to a potential surge to $70,000, despite bearish pressure and weak US economic data.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Despite bearish pressure and weak US economic data, Bitcoin's recovering hashrate and new onchain security protocols raise the chance for a surge to $70,000.

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Full article on CoinTelegraph
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Original article published by CoinTelegraph on February 20, 2026.
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