$MicroStrategy(MSTR)$ Should Bitcoin reach $68,000, it is estimated that short positions valued at approximately $1.32 billion would face liquidation. Should Bitcoin reach $75,000, it is estimated that around $3.85 billion in short positions would be liquidated. Such a substantial liquidation could potentially propel the price even higher as a result of the short squeeze effect. And this doesn't even take into account the liquidations that would be magnified with the paper Bitcoin proxies that are leveraged short.
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