BTC Breaks Key Price Level Triggers Short CoveringBitcoin / US DollarCOINBASE:BTCUSDVili_Wealth_Plan After Bitcoin broke through resistance near $65,150, short covering increased rapidly. Data shows that the total liquidation amount in the crypto market over the past 24 hours was approximately $556.5 million, of which short covering accounted for approximately $459.9 million. For Bitcoin alone, short liquidations amounted to approximately $168.7 million, while long liquidations totaled approximately $23 million. The buying pressure resulting from forced short covering further pushed up the price. On-chain and options data show that buying support emerged during the pullback phase near $60,000. The accumulation trend of various wallet addresses has rebounded. Meanwhile, Bitcoin has returned to the vicinity of the $65,000 option open interest zone, and hedging demand may help stabilize the price in the short term.