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<ul class="news-points"> 
 <li>Analyst Crypto Rover raised an alarm about a potential liquidation of $3 billion in the Bitcoin market.</li> 
 <li>With the observed rising liquidity, the liquidation could trigger against BTC shorts if the asset reclaims $71,900.</li> 
 <li>At $66,607, BTC only needs to rally 7.94% to regain the $71,900 price point.</li> 
</ul> 
Crypto Rover, a notable market analyst, has <a href="https://www.youtube.com/watch?v=FZgzSj9URH8&amp;ab_channel=CryptoRover" target="_blank" rel="nofollow">called</a> attention to a looming potential liquidation of $3 billion in the Bitcoin market. In his latest BTC market analysis, Rover revealed that the asset continues to undergo a significant consolidation phase within the daily timeframe.&nbsp; 
Meanwhile, he observed that although Bitcoin currently trades at the lower end of the range, liquidity is accumulating on the upper side. In parallel, Rover highlighted that over $3 billion worth of Bitcoin short positions are poised for liquidation once Bitcoin reaches the $71,900 mark. 
The analyst derived this figure using data from the renowned derivative market tracker CoinGlass. Rover’s warning of an impending $3 billion liquidation coincides with the <a href="https://coinedition.com/after-60k-crash-btc-will-resume-its-trend-higher-says-mike-novogratz/">recent crypto market downturn</a>, during which Bitcoin retraced to the $60K range over the weekend. 
The crash wielded substantial …
The post <a href="https://coinedition.com/bitcoin-shorts-facing-3-billion-liquidation-at-71900-analyst-warns/">Bitcoin Shorts Facing $3 Billion Liquidation at $71,900, Analyst Warns</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Shorts Facing $3 Billion Liquidation at $71,900, Analyst Warns

Coin Edition

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