Bitcoin Rally Could Trigger $20B Short Liquidation

Bitcoin Short Squeeze: $20 Billion at Stake

The Bitcoin market is currently under intense scrutiny as it edges closer to a potential massive liquidation event. Short sellers, who bet against Bitcoin by expecting the price to fall, could face a financial storm if Bitcoin's price surges to $72,600. This would mean that anyone betting on Bitcoin to lose value might have to buy back at a higher price, leading to losses that could total $20 billion.