Bitcoin Short Liquidation at $123,467 Signals Bullish Momentum
I saw a BTC short get liquidated at an average price of $123,467.20 for a $668,822 position — that kind of forced exit creates meaningful upside pressure.
That liquidation looks like a short squeeze and suggests renewed bullish momentum in the near term.
I don't find it funny either; it's a market event that requires respect and disciplined position sizing.
Analysis
Recommendation
Consider a tactical long aligned with the momentum or scaling in on a measured pullback; keep tight risk controls and size positions conservatively.
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.