Bitcoin Price Risk: $33.14B at $72,462

Crypto analyst Ash Crypto has issued a warning that $33.14 billion is at risk if the Bitcoin price reaches $72,462, as this could trigger the liquidation of short positions and lead to an extended rally for BTC. The liquidation of these shorts could be bullish for Bitcoin, pushing it towards new highs, but it may also result in a correction to flush out overleveraged longs before continuing its upward movement. Despite this warning, Bitcoin’s demand is on the rise, with Spot Bitcoin ETFs actively accumulating and witnessing a net inflow of $2.13 billion this week. Analyst Justin Bennett advises caution amid the recent Bitcoin price rally, stating that open interest is back at its late July peak and suggesting that market participants should not be excited about the breakout from the seven-month range.

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