BTC USD Eyes $70K Breakout as Nvidia Earnings Causes $576M in Short Liquidations While Old Meme Coins Prove Why Pepeto at Six Zeros Is the Opportunity of the Cycle

BTC USD price rebounded over 7% to touch an intraday high of $69,487 on Thursday, driven by a cascade of short liquidations and renewed risk on sentiment following Nvidia's blockbuster earnings report according to CoinDesk. The strong reversal comes just 48 hours after BTC dipped below $66,000, creating a volatile environment that wiped out over half a billion dollars in leveraged positions.

The swift recovery to the $68,000 level signals a potential shift in market structure. Analysts suggest the move has cleared significant bearish leverage, potentially opening the path for a sustained BTC breakout toward the psychological $70,000 barrier.

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Short Liquidations Fuel $576 Million Flush

The sudden crypto market rally caught highly leveraged bearish traders off guard, triggering a massive liquidity flush. As prices rose, short sellers were forced to buy back assets to cover losing positions, creating a feedback loop known as a short squeeze. Approximately $576 million worth of futures positions were liquidated across the market within 24 hours.

Of this total, roughly $470 million stemmed from short positions, with Bitcoin specific derivatives accounting for $227 million. The magnitude of these short liquidations suggests that traders had aggressively positioned for further downside following the earlier dip to $62,000.

Nvidia Earnings Serve as Risk On Catalyst

While derivatives mechanics fueled the velocity of the move, the primary macro catalyst appears to be the wealth effect spilling over from traditional equity markets. Nvidia reported record breaking earnings for Q4 of Fiscal Year 2026. The chipmaker posted quarterly revenue of $68 billion, a 73% year over year increase, calming investor fears regarding the sustainability of AI infrastructure spending according to Forbes.

The report lifted the Nasdaq 100 by 351 points and the S&P 500 by 56 points, reigniting a risk on environment that historically benefits Bitcoin price action. With Bitcoin frequently serving as a liquidity proxy for global tech sentiment, the correlation remains a critical factor for short term traders.

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Bitcoin Technical Analysis: Can BTC USD Price Sustain $70K?

From a technical perspective, the reclaim of $68,000 is a significant development. The asset has established a higher low structure following the defense of the $60,000 support zone. By holding above $68,000, Bitcoin is now testing the upper bounds of its multi week consolidation range.

Momentum indicators are also recovering from oversold conditions. The immediate resistance now lies between $69,500 and $70,000. A daily close above this zone would confirm a BTC breakout, invalidating the bearish thesis of a lower high formation. Failure to hold $68,000 could see the price retest the liquidity grab around $65,000.

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BTC USD Rebounds Toward $70K Lifting Presales Like Pepeto Where Old Meme Coins Prove the Path to Millions

Bitcoin staged a strong recovery, surging over 7% after dipping below $63,000 earlier in the week. The rally cleared heavy bearish leverage and signaled a potential shift in structure. BTC USD now hovers around $67,000 to $68,500, testing the psychological $70,000 barrier.

Benefitting from this renewed hype are presale projects like Pepeto (https://pepeto.io/) , where the history of meme coins proves exactly why six zeros matter. Dogecoin launched with zero products, zero utility, and zero roadmap. It still reached an $88 billion market cap and created millionaires on pure community energy. Shiba Inu followed and added ShibaSwap after the initial surge. It still generated life changing wealth. PEPE launched with nothing but frog culture and crossed $2 billion within months.

Now look at what Pepeto builds before listings even begin. Three products have been announced by the team and are close to being ready. PepetoSwap will handle cross chain meme trading. Pepeto Bridge will route tokens across blockchains where billions sit trapped. Pepeto Exchange will be the first dedicated listing hub for meme coins. Dual audits from SolidProof and Coinsult found zero critical vulnerabilities. Staking at 211% APY rewards holders.

https://youtu.be/shxO0J94CPw?si=ugvmBXGNLNG73e3H

DOGE made millionaires with zero products. Pepeto arrives with three. A $1,000 investment becomes $271,000 at $0.00005. A $5,000 position crosses $1,358,000. As Nvidia's results validate tech growth and Bitcoin clears bearish overhang, Pepeto offers early exposure to meme coin infrastructure before broader adoption kicks in.

Click To Visit Pepeto Website To Enter The Presale: https://pepeto.io/

Contact: Dani Bonocci
Website: https://www.tokenwire.io
Phone: +971586738991
SOURCE: Pepeto

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