don't buy

Bitcoin Short Liquidation at $118,795 Sparks Market Shift

I noticed that the Bitcoin shorts were liquidated at a value of $93.8K, with the price reaching $118,795.00. This indicates that traders who bet against Bitcoin experienced a significant wipeout as the market moved upward past their stop-loss points, resulting in a substantial short squeeze and liquidation of their positions.
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AI Analysis

The recent liquidation of Bitcoin short positions at $93.8K with the price reaching $118,795 suggests a strong bullish momentum in the Bitcoin market. Short sellers, who bet on a decline, were forced ...

AI Recommendation

Given the recent short liquidation and the bullish price levels reached, I recommend traders consider a cautious bullish stance, but remain vigilant for possible volatility. Entering long positions co...

Disclaimer

The AI 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.

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