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Over $1 billion worth of shorts will be liquidated if Bitcoin reaches $75,000. Long positions totaling $1.2 billion have already been liquidated, with $2.7 billion shorts waiting to be liquidated at around $72,800-$72,900. Additionally, $354 million and $125 million leveraged positions in Bitcoin have been liquidated due to price surges.
JUST IN: $354m leveraged positions liquidated in #Bitcoin and crypto in just 24 hours.
JUST IN: $125m leveraged #Bitcoin positions liquidated by the surge to $72,000. https://t.co/oakvW49Ypf
Update: $1.2b longs liquidated - all cross leverage positions liquidated - now there are $2.7b Shorts to liquidate at $72900 👀 https://t.co/zRuvf2AIQv