In a recent study conducted by Woo, more than 1.1 million cryptocurrency enthusiasts were captivated by the news of Bitcoin hitting $72,000. Woo emphasized that the closing of short positions would lead to around $1.5 billion in liquidations. This milestone is not only a psychological hurdle but also a crucial one in terms of market dynamics, as it is anticipated to face significant resistance. Stay updated with the latest technology news through NEWSLINKER.