Bitcoin Surges 7.81% in 24H, RSI Signals Overbought Territory

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Bitcoin surged 7.81% in 24 hours, hitting $74,679.90 on August 21, 2026 at 04:19 UTC. RSI readings across multiple timeframes show overbought conditions, with the 4-hour RSI at 92.45. The fear and greed index is at 71, signaling 'Greed' sentiment. Trading volume reached $125.44B, with $789.52M in liquidations. Altcoin Season Index is at 36, highlighting Bitcoin’s dominance.

BREAKING

Bitcoin was priced at $74,679.90 as of August 21, 2026 at 04:19 UTC, posting a 7.81% gain over the prior 24-hour window and a 0.45% uptick in the most recent hour, according to data sourced from Coinglass.

The broader market cap for BTC stood at $1.5T, with open interest across derivatives markets reaching $54.95B. The 24-hour trading volume came in at $125.44B, reflecting elevated market participation during the move.

Liquidations over the same 24-hour period totalled $789.52M, a figure consistent with sharp directional price action flushing out leveraged positions. The funding rate was recorded at 0.0067%, indicating a modest but positive lean toward long positioning in perpetual futures markets.

On the technical side, RSI readings across multiple timeframes are deep in overbought territory. The 1-hour RSI registered 77.37, the 4-hour RSI came in at 92.45, and the daily RSI stood at 82.57. Values above 70 are conventionally considered overbought — the 4-hour reading of 92.45 in particular reflects extreme short-term momentum. These are data points, not directional calls.

Sentiment indicators showed the Fear & Greed Index at 71 out of 100, categorised as Greed. The Altcoin Season Index registered 36 out of 100, suggesting Bitcoin continues to dominate relative to the broader altcoin market at this snapshot in time.

Full derivatives and market data for BTC is available at Coinglass BTC Markets.

Source: Coinglass · Published by CoinsProbe Markets Desk


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