thinorfat
09-27

$MicroStrategy(MSTR)$ 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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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