Bitcoin's $20 billion drop!

If the Bitcoin (BTC) price rises to $72,000, $20 billion worth of short (bearish) positions will be liquidated.

There is an expectation of an increase in BTC, which has gained about 20 percent since September 8. Analysts stated that BTC needs to increase by 10.6 percent for a $20 billion short liquidation. This liquidation could eliminate one of the biggest obstacles to the BTC price.

In an analysis published under the title "The big short squeeze is coming", it was stated that if the Bitcoin (58945155510) price exceeds $72,600, it could rise to $80,000.

According to the analysis, if the $20 billion liquidation approaches, investors may buy BTC to cover their potential losses. A big increase is expected in the market with this move.

“With such high risks, the $72,600 level will be a major battleground for both bulls and bears. If it breaks this level, the market dynamics could change in a chain reaction.”

According to IntoTheBlock data, the net flow of BTC to exchanges increased by over 13%. The metric, which shows how much money is flowing in and out of the exchange, showed that investors may be preparing for a big move.

“More Bitcoin is entering exchanges. There may be preparations to buy in anticipation of a price increase,” AMBCrypto said, concluding his remarks as follows;

“This net flow increase indicates market participants’ optimism that a breakout is imminent.”

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