Bitcoin Short Liquidation Highlights Bullish Sentiment with $76K Liquidated at $113K

I observe that Bitcoin has liquidated approximately $76,300 in short positions at a price of around $113,037.59. This suggests that traders holding short bets on Bitcoin experienced significant losses as the price moved in favor of long positions. Such liquidations are often indicative of a bullish momentum, where the market moves sharply upward, triggering stop-losses or margin calls on short traders. Monitoring these liquidations can provide insights into market sentiment and potential trend reversals.