In a recent study conducted by Woo, more than 1.1 million cryptocurrency enthusiasts were captivated by the importance of Bitcoin hitting the $72,000 mark. Woo pointed out that as short positions rush to cover, it could lead to around $1.5 billion in liquidations. This milestone is not only a psychological hurdle but also a crucial one in terms of market dynamics, with substantial resistance anticipated. Stay updated with the latest technology news by accessing NEWSLINKER.
