Willy Woo: Bitcoin breaking through $72,000 will lead to $800 million in short positions being closed

Cryptocurrency analyst Willy Woo stated that if Bitcoin breaks through $72,000, it will trigger a large-scale liquidation and pave the way for a new all-time high. He wrote on the X platform: "Reaching $72,000 is the trigger for a series of liquidations. A large number of short positions may be liquidated at any time, and Bitcoin can reach as high as $75,000, setting a new historical high." According to CoinGlass data, if Bitcoin's price breaks through $72,000, the accumulated leveraged short positions of all exchanges will be liquidated for $800 million.