Analysis: If BTC rebounds to $72,300, it will trigger a $5.6 billion short squeeze

Bitget2024/07/14 07:12

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

According to on-chain analyst Ali's data published on X platform, if Bitcoin triggers a U-shaped rebound and rises to $72,300, the market will face up to $5.6 billion in liquidity being liquidated by short sellers.

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.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Analysis: If BTC rebounds to $72,300, it will trigger a $5.6 billion short squeeze

You may also like

Crypto prices