Bitcoin Short Squeeze Looms as $5 Billion in Shorts Could Be Liquidated at $72,000, $4 Billion at $73,000

If Bitcoin reaches $72,000, approximately $5 billion worth of short positions will be liquidated, potentially triggering a massive short squeeze.

The Bitcoin Bollinger Bands, a technical analysis tool, have tightened to their narrowest point in 12 months, indicating that an explosive move could be imminent.

Traders are closely monitoring these developments, with some predicting significant price movements in the coming weeks. Additionally, $4 billion in short liquidations could occur if Bitcoin hits $73,000.

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