Bitcoin consolidates near $77K after a 24% weekly surge and $3.5 billion in liquidations, while gold climbs past $4,600 on separate macro

Six weeks of compression ended in the largest short liquidation event since at least 2021, with $3 billion of bearish bets forced to buy back into thin supply.

Bitcoin surges past $70,000 as lower US yields, ETF inflows and regulatory hopes fuel a powerful crypto rally, catching short sellers off guard.