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$15 billion worth of #Bitcoin    shorts to be liquidated at $74,000 👀twitter.com/Vivek4real_/status/1785403965355553185
42 sats \ 4 comments \ @Rastamann 1 May bitcoin
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0 sats \ 3 replies \ @Satosora 1 May
whats that mean exactly? Someone is buying 15 billion dollars of bitcoin at 74k?
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0 sats \ 2 replies \ @riberet19 1 May
I believe that 15 billion dollars that were leveraged bet on the downside would be liquidated from the market if Bitcoin hits 74k
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0 sats \ 1 reply \ @Satosora 1 May
what are the consequences if it doesnt hit 74k?
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0 sats \ 0 replies \ @riberet19 1 May
None, that bet is still on and still in the market, if Bitcoin were to drop in price that person who leveraged that money would make money.
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