What if Bitcoin breaks $70,500?💥

We're seeing#Bitcoinapproach a pivotal point: if it breaks $70,500, a massive $21.77 billion in shorts could be liquidated. This happens when traders who bet on the short (known as "shorts") lose their positions because the price of the asset rises.

📈 Why does this matter?
When shorts are liquidated, traders are forced to buy back their positions, creating even more buying pressure. This phenomenon is known as a “short squeeze,” and it can cause the price of Bitcoin to rise rapidly.