Crypto analyst Ash Crypto has warned that $33.14 billion worth of short positions could be liquidated if Bitcoin price reaches $72,462, which would be bullish for BTC. The analyst mentioned this in an X post, noting that the flagship crypto is fast approaching the $70,000 price level and could lead to an extended rally to this liquidation price and even beyond. However, there is also a possibility that the Bitcoin price could correct to flush out overleveraged longs before it continues its upward move. Meanwhile, analyst Justin Bennett cautioned traders to remain cautious during this recent Bitcoin price rally due to conflicting data.
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