Bitcoin Short Liquidation at $117.5K — Bullish but Modest
I noted a Bitcoin short liquidation of $58.7K executed at $117,493.10. This shows shorts were squeezed at that price and buying pressure hit the market.
I view this as a near-term bullish microstructure signal, but the absolute size is modest relative to BTC liquidity — it’s suggestive, not definitive.
I’ll watch volume, candle follow-through and derivatives open interest for confirmation before committing significant capital; use tight risk controls if entering now.
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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.