$360 Million in Bitcoin Shorts Liquidated; $19 Billion More Projected

In recent days, significant liquidations of Bitcoin shorts have occurred and are projected to continue. Over $360 million in Bitcoin shorts were liquidated when Bitcoin reached $62,000. Additionally, more than $133 million were liquidated after Bitcoin reclaimed $64,000. Projections indicate that $18.4 billion of shorts will liquidate when Bitcoin reaches $72,418, and $23 billion of shorts will liquidate at $75,000 on Binance alone. At $72,000, $19 billion worth of Bitcoin shorts will be liquidated. Germany also sold $3 billion worth of Bitcoin, contributing to the liquidation of an equivalent amount of shorts over the last 48 hours.