Bitcoin $298K Short Liquidation at $118,645 — Short-Squeeze Signal
I note a $298K Bitcoin short was liquidated at $118,645.20, which indicates a short-squeeze and temporary buy-side pressure on BTC.
I view this as a bullish micro-signal but not a clear trend confirmation — large liquidations often precede volatile chop as positions adjust.
Analysis
Recommendation
I will watch price and volume for confirmation; consider adding exposure on a disciplined pullback or after a confirmed breakout, with clear stop-loss levels to manage risk.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.