Bitcoin Nears Breakthrough: $72K Price Set to Trigger $1.5B Liquidation Cascade and New All-Time High

If the price of Bitcoin reaches $72,000, it would act as a “fuse,” triggering the breakthrough of the $75,000 psychological barrier. Bitcoin hitting $72,000 would spark a wave of mass liquidations, paving the way to new all-time highs, according to analyst Willy Woo. Woo wrote in a June 5 X post to his 1.1 million followers: “Tapping $72k is the fuse set to start a liquidation cascade. $1.5b of short positions ready to be liquidated all the way up to $75k and a new all-time high.” Bitcoin rose 3.15% in the 24 hours leading up to 8:05 am UTC on