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Over $4.5 billion in crypto shorts will get liquidated if Bitcoin hits $73,000.
A lot of traders are betting that Bitcoin will go down. But if it moves up to $73K instead, those short positions will start getting closed automatically.
And when that happens, it can push the price even higher. Because when shorts get liquidated, it basically turns into forced buying.
So yeah… $73,000 isn’t just a random number right now. It’s a level that could cause a big move if price touches it.
Market’s kinda sitting on a trigger here.
BTC
68,074.36
+0.33%