Willy Woo: Bitcoin breaking through $72,000 will lead to $800 million in short positions being closed
Cryptocurrency analyst Willy Woo stated that if Bitcoin breaks through $72,000, it will trigger a large-scale liquidation and pave the way for a new all-time high. He wrote on the X platform: "Reaching $72,000 is the trigger for a series of liquidations. A large number of short positions may be liquidated at any time, and Bitcoin can reach as high as $75,000, setting a new historical high." According to CoinGlass data, if Bitcoin's price breaks through $72,000, the accumulated leveraged short positions of all exchanges will be liquidated for $800 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x PWT (Episode 2): Trade to share 45,000 USDT
Announcement on the removal of the "Signal Calls" feature from the app
[Initial listing] Bitget to list MAGNE.AI (MHA)
CandyBomb x DGAI (Episode 2): Trade to share 50,000 USDT
