Bitcoin $372K Short Liquidation at $118.15K Signals Short Squeeze
I observed a $372,000 short liquidation on Bitcoin executed at $118,148.10. That forced buy likely removed some downside pressure and added short-term upward momentum.
I take this as a bullish microstructure signal but not a guarantee of sustained gains — volatility can reverse quickly, so I favor measured entries and clear risk limits.
Analysis
Recommendation
Prefer buying on weakness or on a confirmed retest rather than chasing the spike. Manage position size and use stop-losses to limit 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.