As the Bitcoin price continues its upward trajectory, anticipation builds within the crypto community. Notably, with key U.S. inflation data and FOMC minutes on the horizon, market sentiment seems to have remained positive to start the week.
However, amid the optimism, a prominent analyst cautioned against potential volatility, particularly if Bitcoin approaches the $71,000 threshold.
Analyst Warns Massive Liquidation
The regaining momentum in the Bitcoin price has fuelled the market today, with experts anticipating an increasing risk-bet appetite of the investors. However, despite the rally, the recent warning from a popular crypto market analyst has weighed on the sentiment.
In other words, despite the recent uptick in the Bitcoin price, warnings loom over the potential for significant liquidation if BTC surpasses $71,000. Notably, prominent crypto market analyst Ali Martinez highlighted the risk, stating that approximately $72 million in liquidation could occur at this price point.
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