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Odaily Planet Daily News According to cryptocurrency analyst Willy Woo, if Bitcoin breaks through $72,000, it will trigger a large-scale close position wave, paving the way for a new historical high.
He posted on X platform, saying, 'Reaching $72,000 is the trigger for a series of liquidations. A large number of short positions could be closed at any time, and Bitcoin could reach a peak of $75,000, hitting a new all-time high.'
According to CoinGlass data, if the price of Bitcoin breaks through $72,000, the accumulated leveraged short positions of all exchanges will close $800 million. (Cointelegraph)