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Bitcoin shorts risk $2.5 billion liquidation at $72K: Are bears in danger?

The Cointelegraph โ€‹

Cryptocoins News / The Cointelegraph โ€‹ 391 Views

Bitcoin shorts risk $2.5 billion liquidation at $72K: Are bears in danger?

Bitcoin is poised for a reversal if ETF demand returns or a ceasefire occurs, potentially crushing short sellers in a massive price squeeze.

Key takeaways:

Bitcoin hitting $72,000 would liquidate $2.5 billion in shorts, potentially crushing bears who are overleveraged.

Iran's war and high oil prices currently pressure BTC, but a ceasefire or ETF inflows could spark a rapid recovery.

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